Euros & Dollars: How Europe Abandoned Monetary Conservatism
What can the past 20 years tell us about Europe’s economic future?
What can the past 20 years tell us about Europe’s economic future?
The asylum surge into the EU continues unabated as 76,505 first-time asylum applicants arrived in Europe in February 2023.
Accounting for 41% of all positive decisions made by EU member states, Germany by far registered the highest number of asylum requests granted in 2022.
Some forecasters believe that inflation will persist for an extended period of time. I disagree, and if the signs of an inflation peak are as strong as I believe they are, then Europe could be out of this inflation episode before next summer.
The deficit for both the EU and the euro zone have been shrinking for six quarters in a row.
In September 2021, the inflation rate for the European Union was 3.4% and 3.6% for the euro zone. Today, eighteen EU member states report inflation above 10%.
Estonian home prices rose more than 20% year-to-year for the third quarter in a row.
The highest current unemployment rates in the EU are found in Spain (12.4%) and Greece (12.2%); among the lowest are Hungary (3.5%) and the Netherlands (3.8%).
This essay may not be a plug-and-play survival guide to inflation, but it should help to explain where you can go and what information you can find, in order to educate yourself on inflation, specifically energy costs.
From 2021 to 2022, youth unemployment declined from 16.3% to 14.2% in the euro zone and from 16.1% to 14.0% in the EU.
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