In trying to make sense of the current madness, it is easy for anyone to be like the blind men with the elephant.

There are three reasons why stagflation is happening. The most compelling evidence is in some unique data that economists often ignore.

Plunged in what looks to be a new cold war, NATO has been making a flurry of manoeuvres, of which the general’s appointment is only the latest.

Frans Timmermans, the executive vice-president of the European Commission, said that making people suffer this winter in order to stay on track with the energy transition would ultimately be disastrous for solving ‘the climate crisis.’

Germany’s economy has been relying on an export surplus for decades, but exploding energy prices, in combination with a rigid transformation to renewable energies, has caused imports to exceed exports in value for the first time in more than 30 years.

The EU Commission did not initially propose a block-wide policy, but two months later, both the commission and the new Czechia presidency are ready to consider options for an EU-wide windfall tax strategy.