The French President’s conciliatory attitude towards Putin is once again provoking resentment. The climate package, on the other hand, got a heavy foothold in Parliament. You can order the full Europe letter from the link at the end of your email.
Rikhard Husu,
Elli-Alina Hiilamo
The rise in the price of fossil fuels is the most significant factor driving up prices. Electricity has risen in price by more than 50 per cent a year and natural gas by as much as 130 per cent.
Indeed, Belgians are anxiously awaiting the annual leveling off of energy companies: there may be a bump in the thousands of euros ahead. Will the money saved on a family vacation go to cover the cost of heating in the winter, my local acquaintance apricots.
ENERGY in the wake of the prices of other products and services are also high. The rise in the price of food and especially bread is eye-catching when it comes to daily shopping.
But where do you take the money for pay rises, employers ask. Many companies are still in the wake of a corona pandemic in Belgium with its sledgehammer. The war in Ukraine has also contributed to darkening the growth prospects for the coming years.
According to wage earners’ organizations, index increases maintain not only purchasing power but also domestic consumption.
The Belgian government would seem to keep its finger on the controversial pay issue. Flemish Liberal Prime Minister Alexander De Croo has emphasized the importance of stability in the labor market.
PRICES the European Central Bank (ECB), which is responsible for stability, is between wood and bark as inflation picks up. Of particular concern are interest rates on 10-year Italian government bonds, which are hovering at 4%.
Curbing inflation would require a gradual normalization of monetary policy in the euro area. Steps have been taken in this direction, but will the economies of the weaker eurozone be able to return to normal?
FACT: The rise in prices is accelerating, the worst situation in the Baltics
INFLATION that is, lowering the value of money is a hot topic across Europe. In Finland, too, the general rise in prices rebounded to record highs, but at the level of the euro area as a whole it is at its most moderate. The highest inflation is now in the Baltic countries.
How long will prices continue to rise? And will the ECB’s actions bring relief? Both consumers and economists are considering these issues.
INFLATION is not overwhelmed in an instant, and rising prices are now driven by factors beyond the control of the central bank. Prices have been raised, especially by the Russian invasion war and rising energy prices.
According to many forecasts, inflation would return to more normal readings next year. The ECB itself anticipates that next year inflation (you will switch to another service) would slow to 3.5% and to just over 2% in 2024. Let’s see how it goes. In recent months, inflation has been faster than the ECB’s forecast.
Some Raise: Is Macron going too far?
FRANCE president Emmanuel Macron has been in close contact with the President of Russia Vladimir Putin even after the start of the war. Macron has talked to Putin on the phone on a regular basis. In France, it has already been asked in March whether the calls make sense.
POLISH the magazine Wprost made its own interpretation on the cover of its recent magazine. Macron and German Chancellor dressed in costumes Olaf Scholz trying to whisper on the phone, at one end of which Putin bathes in blood. The picture speaks at least to a former world chess champion in Russia, an influencer Garri Kasparovia.
He writes in his tweet that even a single donated bullet is more effective in ending Putin’s war than a hundred hours spent on the phone.
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