"You see a very clear reluctance to discuss profit," Daniela Gabor, a professor of economics and macro-finance at the University of West England in Bristol. "That illustrates that the distributional politics of inflation targeting is: You don't go for profits; you don't go for capital."
With those savings now being depleted and competition returning, things may be changing for ECB policymakers who have been calling for a redrafting of the inflation narrative. Wages are accelerating, with the ECB's forward-looking wage tracker anticipating a rise of nearly 5% in 2023 for contracts signed in the last quarter of 2022. But that won't offset the massive drop in real wages over the past year, analysts said.
who would thought?
:Show me the money. :I will show you that it is not money. :I will show you that it is not yours. :I will demonstrate that you cannot read and cannot do math. :And, the totality of the truth will be so devastating, you will ignore it outright and continue to act the fool.
Since when have we turned socialist?
Shocking
hello, nice to see this news 6-12 months from when they were discussed on twitter as 'conspiracy theories'
Greenpeace GreenpeaceEU COP26 COP27P WWF CoFoEU TheFutureIsYours OlafScholz Isn’t it a cold hard fact that too many people, especially employees of EU institutes, make unnecessary journeys that pollute our planet? What’s GreenpeaceEU doing to halt EU’s single state aim?
Doesn’t take a trip to freeze your dodah’s off while finding your inner Zen to work that one out. And they talk of waste…
No Different than those that profited from the Covid 19 Virus and Vaccine, while the world suffered the consequence. It's all about money!
We’ve always known that inflation has more to do with corporate greed than consumer spending. This is the capitalist side of supply and demand Poor and middle class are suffering. It doesn’t have to be this way
Damning stuff
Did they actually have to huddle in a retreat in a remote Arctic village to finally come to that conclusion?