According to Paolo Gentiloni, the EU’s economics commissioner, “We never counted on a ‘V-shaped’ recovery. Now we know for sure that we will not have one.”
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Economics
Eurostat: Euro area annual inflation up to 9.1%
Inflation was up from 8.9 per cent in July, which was itself a record high in the 23-year history of the euro. Read Here
EU politics
Reuters: Italy passes law targeting temporary work, firms moving abroad
It will be interesting how far the 5-Star Movement fulfils its promises and how Italian companies react, should that be the case. Read here
Climate Crisis
Balkan Green Energy News: Fossil fuels still subsidized more than renewables in EU, auditors find
The EU’s energy taxation and carbon pricing policies don’t square with its climate goals, the European Court of Auditors said in a review. The document reveals most member states gave more subsidies in 2020 for […]
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