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The Entire Euro System Faces Failure

The Entire Euro System Faces Failure
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Germany′s Bundesbank lowers 2022 economic growth forecast | News | DW

High energy costs, supply bottlenecks and the omicron variant have cast a shadow over growth forecasts. But Germany's central bank remains positive in its outlook for 2023. ....

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Bundesbank lifts inflation outlook - Taipei Times

The Bundesbank yesterday predicted that German inflation would remain above 2 percent through 2024 an outlook that would amplify calls within Europe’s largest economy for a speedy removal of monetary stimulus.
Outgoing Bundesbank President Jens Weidmann said that price pressures could be even stronger and that the European Central Bank must not ignore those risks.
The central bank expects consumer prices rising an average 3.6 percent next year before slowing to 2.2 percent in the subsequent two years. The forecasts are higher than in the 19-nation eurozone.
The Bundesbank said that inflation in Germany reflects strongly rising wages, a “favorable economic ....

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ECB Officials Signal Inflation Outlook Puts Goal Within Reach

(Bloomberg) Officials from across the euro area called for vigilance on inflation Friday after the European Central Bank’s updated forecasts showed price pressure close to the institution’s target in the coming years. ....

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Euro-Area Inflation Beats All Forecasts With Record 4.9%

(Bloomberg) Euro-area inflation surged to a record for the era of the single currency and exceeded all forecasts, adding to the European Central Bank’s challenge before a crucial meeting next month on the future of monetary stimulus.

Consumer prices rose an annual 4. ....

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