Even before the Covid pandemic has subsided, Europe is now facing another major shock in the form of the Ukraine war. It is threatening economic growth and jobs, and the accompanying soaring inflation is hitting low-income households especially hard. In all this, it is unclear how long the war will last and how drastic the restrictions on energy supply will be.
In January, consumer prices increased by 5.1 per cent in the Eurozone compared to a year ago, setting a record-high since the single currency was created more than two decades ago. Still, the European Central Bank (ECB) forecasts that the inflation rate in the Eurozone will stabilise and gradually decline over the course of this […]
It has become a well-known truth that in the time of the ultimate test – Covid – citizens turned to their governments. They have been looking for protection, for help and for reassurance, that collective effort can make the pandemic fade away. Social Democrats who were at the helm of their respective countries have embraced […]
Consumption : Special is a relative concept. The good news is that a simple change in tax policy could eliminate this form of waste