EU woes
- ECB’S DE GUINDOS SAYS THE EURO AREA IS NOW FACING A CHALLENGING OUTLOOK.
- ECB’S DE GUINDOS SAYS HE VERY HIGH INFLATION IS DAMPENING SPENDING AND PRODUCTION
- ECB’S DE GUINDOS SAYS DEPRECIATION OF THE EURO ALSO ADDS TO THESE INFLATIONARY PRESSURES.
- ECB’S DE GUINDOS SAYS INFLATION IS PROJECTED TO BE UNACCEPTABLY HIGH THIS YEAR AND NEXT.
We’re somewhat lucky that this political and economic environment has pushed up the value of the dollar. Otherwise, our inflation would be even higher if our currency was weak relative to buying everything abroad.