Inflation in Europe will be around 5.5% in 2023, significantly lower than today which is around 10%, Bank of Greece governor says in pod-cast with OT.
In our country, what is exceptionally problematical is the explosive rise in the price of natural gas (135 percent), electricity (45 percent), and heating fuel. They comprise an extremely sensitive whole that can trigger a new inflationary cycle.
'Our economy-wide climate stress test shows the benefits of acting early on climate issues. The short-term costs of the green transition are heavily outweighed in the long run by the benefits of avoiding costly disasters such as wildfires, heatwaves and droughts.'
The Franco-German axis is de facto strengthened as long as Italian PM Mario Draghi, who had described Weidmann as “Nein zu allem” (No on everything), remains in power.
The ECB decided to hike the pandemic QE by 500mn euros and approved a nine-month extension of the programme through March, 2022.
Net revenues from the state budget amounted to 14.1bn euros, a 1.34bn shortfall (8.7 percentage points as compared to the 2020 budget projection) and that is due to the impact of the lockdown and subsequent issues.
The High Court delivered its decision just as the next and largest ECB bond-buying programme to address the problems borne of the coronavirus crisis is being launched.
The EU summit on 23 April should demonstrate that not only has Europe learned from the mistakes of the past but also that the Union knows how to act swiftly.
Yannis Stournaras is in constant contact with the ECB in Frankfurt as part of an effort to make sure 10bn euros are available to prop up Greek banks.
Much like her predecessor Mario Draghi, ECB chief Christine Lagarde has declared she will do anything necessary to shore up the eurozone and temper the economic shock of the pandemic.
A series of measures announced by the government are designed to prevent the collapse of the economy and a steep rise in unemployment.
Διαχειριστής - Διευθυντής: Λευτέρης Θ. Χαραλαμπόπουλος
Διευθύντρια Σύνταξης: Αργυρώ Τσατσούλη
Ιδιοκτησία - Δικαιούχος domain name: ΑΛΤΕΡ ΕΓΚΟ ΜΜΕ Α.Ε.
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