According to Eurostat, Euro area annual inflation is expected to be 10 per cent in September 2022, with the most prominent drivers being energy, which is expected to have the highest annual rate in September (close to 40per cent) and food (close to 12 per cent). Hundreds of millions of Europeans are currently experiencing the […]
Until a few months ago, the policy and academic debate in the EU revolved around the Recovery and Resilience Facility (RRF), praised across the board as proof of European solidarity and a concrete manifestation of the EU commitment to address the pandemic crisis. The RRF indeed marked a leap forward towards a stronger redistributive role […]
The combination of an economic downturn and rapidly rising inflation is a new experience for most Europeans. The Covid-19 pandemic and the Russia-Ukraine war produced unprecedented disruptions, or as economists would say: a shock on both the supply and demand sides. And, as the holiday season kicked in, a forceful tightening of monetary policy signalled […]
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 […]