War in Ukraine, expensive energy and inflation: 2022 between crisis and recovery

War in Ukraine expensive energy and inflation 2022 between crisis

(Finance) – The pandemic not yet concluded but which just at the end of the year raises its head, the Russian invasion of Ukraine whose developments it is still impossible to predict, but also the election for the first time of a President of the Women’s Council in Italy: 2022, a year of crisis but also of recovery with the economy of our country that puts the turbo and “Double”, in fact, France and Germany.

It’s 4 in the morning February 24, 2022 when, by order of the Russian President Putin, Land Russian troops invade Ukraine: images already consigned to history which, in fact, change everything in Europe and around the world. The invasion, in fact, triggers a major energy crisis by calling most of the Member States to the need to cut the energetic umbilical cord which binds them to Fly. A discourse that also concerns closely Italy given that over 40% of our imports come from Moscow: it’s March When it starts the race of the then Prime Minister Mario Draghi to reduce the dependence on Russian gas. 2022 was also the year of soaring mortgage rates. In fact, the conflict in Ukraine and the rush of inflation are pushing the BCE – many times to take restrictive measures monetary policy, with the markets at the window waiting for next moves. The stated goal, in fact, is to bring back inflation at 2%.

July
it is the month of resignation: on 14 Draghi goes to Colle to resign e the President of the Republic Mattarella sends him back to the Chambers, trying the way – difficult but not impossible – of a political mend that, however, does not arrive. On July 20, indeed, M5s, Lega and Forza Italia do not vote for confidence and on 21 July the Head of State dissolves Parliament and calls the political elections for 25 September, opening up to an unusual summer election campaign.

A few days earlier, on July 7, the same fate had also befallen the British Prime Minister Boris Johnson: in its place comes Liz Truss which will last justat 50 days leaving the helm to the conservative Rishi Sunak.

On 8 September he died there Queen Elizabeth II after 70 years of reign. London Bridge is down”: London Bridge ‘collapsed’: this is the coded message through which the Queen’s death was communicated to the premier and the main ministers of the government. In line with the Protocol, we will have to wait for the September 19th for solemn funerals: Lord Chamberlain, Andrew Parker, one of the most representative figures of the Royal House, breaks the ‘baton of command’ and places it on the coffin of Queen Elizabeth II: thus ends, with a moving gesture of highly symbolic valuethe “second Elizabethan era”. A few minutes before, the jeweler of the Royal Household had removed the scepter from the coffin, the orb and the imperial crown. London and the world – the ceremony was followed by over 4 billion spectators – salute the longest-serving Queen in all of British history, after over 70 years of reign. He ascends the throne Charles III and now the British national anthem is “God save the King”.

Returning to our house: On 22 October, the new centre-right government is sworn in at the Quirinale. The next day, the 23 there is the traditional passing of the bell between Draghi and the first female Premier in Italy, Meloni.

The last month of the year, December, is the month – finally – of the white smoke on the price cap: after so many insistence, finally the European Union establishes a ceiling on the price of gas which comes into force if you exceed 180 euros/megawatt hour for three consecutive trading days. But the news which now holds the bench is again the Covid that returns to scare the world in the wake of numbers out of control in China and the fear of possible new variants. In the past few hours the Minister of Health Schillaci signs a decree introducing the obligation of swabs for i flights arriving from China. It seems to be back to 2020.

Instead, in a few hours, it will be up to 2023 pick up the baton of a complex year full of unknowns opening to a future of new challenges: from the climate crisis to new geopolitical tensions, the world economy will have to once again come to terms with the uncertainty. And how to deal with it.

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