With prices surging across Europe, the European Central Bank (ECB) has come under pressure to act more aggressively to contain inflation.
Speaking to Reuters on Monday (25 April), nine ECB policymakers broke rank and anonymously criticised the bank's management for underestimating inflation and not raising rates sooner.
Energy and fuel costs have pushed inflation in Europe up to 7.5 percent, which has already slowed growth in Europe and has prompted people in some countries to Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.To read this story, log in or subscribe
Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.
Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.