Energy only makes up about 10% of household spending in the EU, with about 40% going to services and 20% to food, alcohol and tobacco.
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Economics
Shaun Richards: The ECB and Christine Lagarde now want to enforce real wage cuts for Euro area workers
Inflation made workers even worse off as real wages fell. Now the ECB is determined to stop wages exceeding inflation for any form of catch-up let alone growth. Read Here
EU politics
German Foreign Policy: More German Combat Exercises in Southeast Asia
Berlin expands Bundeswehr activities in Southeast Asia and participates in joint exercises with Indonesia. Jakarta is resolutely unwilling to be pitted against China. Read HERE
Aviation
The Bulletin: Brussels Airlines makes 3,000 unnecessary flights to maintain airport slots
Once again the EU shows what Net Zero is, not to mention showing off their “Brown Deal”. Read Here
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