Europe Doubles Down on Big Government
https://www.wsj.com/articles/europe-doubles-down-on-big-government-11667984528
Unlike during the financial crisis, the eurozone crisis and the pandemic, free-spending governments are on a collision course with the ECB, which has raised interest rates at its fastest-ever pace to cool inflation. The eurozone’s inflation rate rose to 10.7% in October, a fresh high, while price growth in the U.S. slowed to 8.2% in September.
https://www.wsj.com/articles/europe-doubles-down-on-big-government-11667984528
Unlike during the financial crisis, the eurozone crisis and the pandemic, free-spending governments are on a collision course with the ECB, which has raised interest rates at its fastest-ever pace to cool inflation. The eurozone’s inflation rate rose to 10.7% in October, a fresh high, while price growth in the U.S. slowed to 8.2% in September.