How to fight inflation and preserve stability
Since the end of 2021, European countries have been facing inflation. Mostly it has been driven by surging energy prices. This challenge had long been unfamiliar to citizens, economists and finance ministers. It is new for us and a matter of great concern. Inflation is an insidious poison. It can trigger economic recession or social unrest, or even spark a political crisis.
Combating inflation is therefore a priority for central banks and governments. The 2% target should be reached as soon as possible in the euro area. To that end, a comprehensive strategy tackling both fiscal and energy issues is critical.… Seguir leyendo »