How the southern European countries deal with the economic consequences of the Ukraine war is also in the hands of the European Central Bank.
(Photo: dpa)
Athens, Madrid, Frankfurt, Rome The corona crisis has just subsided to some extent when the Ukraine war threatens to shake the global economy again. Rising oil and gas prices should at least slow growth and, according to experts, could even lead to stagflation – a combination of inflation and a standstill in economic growth.
For countries that are particularly heavily indebted, the renewed crisis is a major setback when it comes to reducing their liabilities. This is exactly what is needed in view of rising interest rates and the associated higher debt costs.
Consistent debt reduction is also a prerequisite for states being able to counteract crises on their own. The EU is already considering repealing the debt rules suspended during the corona crisis in 2023.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
further
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
further