Contraction over 2 consecutive quarters will complicate ECB’s job to battle inflation.
What is worrying about this is the Eurostat, like Germany’s DeStatis, consistently initially publishes positive statistics, which later have to be retracted. This has little to do with science, but is a political instrument.
More than a million students face a new wave of walkouts at universities across Britain, after staff voted in favour of strike action over pensions, pay and working conditions. Read here
The seizure of Russia’s foreign reserves marked the end of fair-play capitalism Read HERE
The country’s finance ministry cited fees and lack of transparency as reasons not to invest in unlisted equities. Read here
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