As we reported back in May 2021, as prices began to rise, Christine Lagarde, president of the European Central Bank, waved away critics’ concerns, saying that inflation in the Eurozone was only temporary and less of a danger than it was in the U.S.
Tag: Europe
Post
TOP TREND 2022, DRAGFLATION: EUROPE’S FACTORY PRODUCTION SLUMPS IN OCTOBER
Industrial production in the 19-country Eurozone moved down 2 percent in October from September, a contraction 25 percent greater than expected by economists Reuters had polled, ending several months during which factory output across the zone remained relatively steady.
Post
EUROPE SQUABBLES OVER PLAN TO CAP GAS PRICE
European nations continue to bicker over whether and how to cap the price of natural gas across the 27 nations that make up the European Union (EU).
Post
NEW WORLD DISORDER TOP TREND: PROTESTS ERUPT ACROSS EUROPE.
Protests broke out across Europe last week over soaring inflation and wages that are not keeping up with the cost of goods, leading to a “New World Disorder” that will result in widespread civil unrest that will likely only get worse.
Post
ECB RAISES KEY INTEREST RATE 75 BASIS POINTS
The European Central Bank (ECB) raised two key interest rates three-quarters of a point last week, the second such raise in the ECB policy committee’s last two meetings.
Post
ECONOMIC GROWTH SLOWING AMONG EUROPE’S LARGEST ECONOMIES
Germany’s economy expanded by a scant 0.3 percent during this year’s third quarter, besting both France and Spain, which each eked out a 0.2-percent expansion.
Post
HALF OF EUROZONE COUNTRIES WILL ENTER RECESSION
Thanks to the energy crisis sparked by Russia’s war in Ukraine and resulting Western sanctions, at least half of the 19 countries sharing the euro currency will enter a recession, Kristalina Georgieva, managing director of the International Monetary Fund, said in a 27 October Euronews interview.
Post
EUROPEANS PROTEST RISING AS INFLATION KEEPS SPIKING
As we have reported, the sanctions imposed by NATO and the United States on Russia have not punished Putin as U.S. President Joe Biden predicted, instead they have ravaged businesses and individuals.
Post
GERMAN FACTORIES HIKE PRICES BY ALMOST 50 PERCENT
Germany’s manufacturers jacked prices for their products 45.8 percent in September, year over year, continuing the string of increases made in recent months.
Post
FRANCE CONTINUES TO FACE LARGE-SCALE PROTESTS OVER COST OF LIVING
About 100,000 people in France took to the streets on Tuesday to lash out at the rising costs of living and called for higher wages to make up for soaring inflation and energy bills.