Let us not forget that Spain introduced a gas price cap in power production, limits on rent increases, windfall profit taxation etc. early on did make a difference much to the annoyance of the EU and heavily criticised by neo-classical economists. Look at Germany at 6.8%.
Austerity
Simon Wren-Lewis: Bemoaning the cost of national debt is missing the point – we must invest in the economy
A country that stops investing in public infrastructure will find everything it does becomes more difficult. Read here
Economics
eKathimerini – Greece: Just 10% of hotels have opened since mid-May
Tour operators have been pressing for ever lower prices and their flights have been arriving with few passengers on board. Read here
Economics
Eurostat: Annual inflation up to 9.8% in EU – Well over the half over 10%, 3 over 20%
The euro area annual inflation rate was 8.9% in July 2022, up from 8.6% in June. A year earlier, the rate was2.2%. European Union annual inflation was 9.8% in July 2022, up from 9.6% in […]
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