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  • Euro area annual inflation up to 8.6%

    From ec.europa.eu

    Euro area annual inflation is expected to be 8.6% in June 2022, up from 8.1% in May according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in June (41.9%, compared with 39.1% in May), followed by food, alcohol & tobacco (8.9%, compared with 7.5% in May), non-energy industrial goods (4.3%, compared with 4.2% in May) and services (3.4%, compared with 3.5% in May).

niceee
Surely the ECB have to raise rates from zero, they're now (other than the Swiss) the loweset in the world. The problem is the southern states ie. Greece, Italy and Spain, have enormous debt.
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  • Edited at 7:08am Jul 1, 2022 6:55am | Edited at 7:08am
EU will enter the recession if the energy problem cannot be overcome
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Quoting OnlineAddict
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OK... And what EXACTLY should the ECB do and be doing.
Forget the pictures.. a realistic program for next 12 month.
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