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ECB’s Villeroy: Despite Inflation Improvement, General Public Still Unconvinced
European Central Bank Governing Council member Francois Villeroy de Galhau on Tuesday said that euro area citizens were still impacted by inflation and that, despite the recent improvement in inflation figures, consumers were not yet convinced that things had turned around. Speaking at the Frankfurt School of Finance and Management in Germany, Villeroy said that there were currently three crises that resulted in Europe’s weakening, namely geopolitical, democratic, and economic and social, with the last of these related to rising prices. Although we avoided the worst-case scenario of a European recession, our ... (full story)