We await the German economy to go tits up and with it drag down the whole of the EU.
Much depends on arch-baddie Putin digging in for another five or six months so the blame can be pinned on him.
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Bloody Brexit, Boris and Trussenomics, and that chancellor fella who I can't make out who he is, due to his accent
Eurozone inflation hits record 10% as energy prices continue to soar
September’s double-digit figure bolsters calls for more big rate rises from ECB to slow price growth
SEPTEMBER 30, 2022
We await the German economy to go tits up and with it drag down the whole of the EU.
Much depends on arch-baddie Putin digging in for another five or six months so the blame can be pinned on him.
current inflation figures around the world
Turkey: 80%
Argentina: 78%
Iran: 52%
Pakistan: 27%
Nigeria: 20.5%
Russia: 14.3%
Eurozone: 10%
Germany: 10%
UK: 9.9%
Italy: 8.9%
Mexico: 8.7%
US: 8.3%
Canada: 7%
India: 7%
Australia: 6.1%
France: 5.6%
Indonesia: 4.6%
Japan: 3%
Saudi Arabia: 3%
China: 2.5%
You missed Holland's that came in at 17% last week.
Their Finance Minister expressed shock and bafflement at how that rate jumped 4% from a month earlier.
He might want to have a word with his Prime Minister or King as both attended Bilderberg in May.
https://www.bilderbergmeetings.org/m...ticipants-2022
Tory scum
Oooooh discord between the banks and European countries borrowing vi rate rises , sound familiar
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Fiscal discord
As is their custom, European finance ministers meeting in Luxembourg today and tomorrow will solemnly intone pledges to co-ordinate and synchronise economic policies for the broader good. But the reality is that economic policymaking is looking increasingly discordant, writes Sam Fleming in Brussels.
While central banks around the world are seeking to clamp down aggressively on inflation by lifting interest rates, European finance ministries have racked up a bill exceeding half a trillion euros as they pump money into schemes cushioning business and households from soaring energy prices.
Disparities in policy responses between EU member states are growing more glaring. Last week Germany unveiled a massive €200bn borrowing plan to create a “protective shield” for its households and businesses, using an off-budget facility previously used during the Covid-19 crisis.
The plan, announced on the eve of an EU energy ministers’ meeting that was meant to forge a common approach, antagonised member states that lack Germany’s deep pockets. Their anxiety echoes the mood during the early months of the pandemic, when southern member states looking to prop up businesses hobbled by lockdowns complained they lacked the kind of fiscal firepower that Berlin and other northern capitals could deploy.
Thierry Breton, the French commissioner who oversees the EU single market, was notably blunt on Twitter on Friday, saying that not all member states can borrow such handsome sums on financial markets, and that it was important to maintain a level playing field across the union.
Would you actual believe anything those countries said was for real??
China's figure is barmy, bit like reporting Covid , were way too truthful for our own good ?????
Our closet comparison is Europe and its as high as ours
PS Italy is not good at all never has been see below for the others :
The Consumer Price Index for Italy is 113.8 for the month of August 2022. The inflation rate year over year is 9.1% (compared to 8.4% for the previous month). Inflation from July 2022 to August 2022 was 0.9%
Mexico's annual inflation rate rose to 8.70 percent in August of 2022 from 8.15 percent in the previous month, the highest reading since December of 2000 and slightly above expectations of 8.67 percent. Prices accelerated for both goods (10.55 percent vs.
The country's retail inflation, which is measured by the Consumer Price Index (CPI), has spiked to 7.00% in August 2022, up from 6.71% a month ago. The Wholesale Price Index (WPI), on the other hand, has shown a downward trend and dropped to 12.41% from 13.93% during the same period.5 days ago
As per usual
https://www.theguardian.com/business...efore-covid-19
Just like the double dip recession. Who thought making billionaires richer at the expense of everyone else would have drawbacks eh.
Not to mention we are paying 3 times more for electricity than the EU on average.
https://twitter.com/DTJackson/status...g765k7D6g&s=19
The amount of lead paint the old tories on this forum digested as kids must have been huge. If you're still defending this lot there's no hope for you.
...interestingly...if you run it through Google translate in to Spanish and then back from Spanish to English it comes out as:
Try the middle one, oh wait, try the other one, no, it's gone, hey old man, you tried any stand up, you would defiantly fill the place's bathroom with your stuff and clients.
...endless fun.