Inflation in the euro area remains largely anchored in the long term, but the energy shock generated by tensions in the Middle East continues to put pressure on the European economy, European Central Bank President Christine Lagarde said.
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Inflation in the euro area remains largely anchored in the long term, but the energy shock generated by tensions in the Middle East continues to put pressure on the European economy, European Central Bank President Christine Lagarde said.
The European economy stands, but the energy shock triggered by instability in the Middle East is leaving a mark on growth, prices, public accounts and the spending capacity of households and businesses. It is the message shared by the main economic leaders of the Union - the President of the Eurogroup Kyriakos Pierrakakis, the European Commissioner for Economic Affairs Valdis Dombrovskis, the President of the ECB Christine Lagarde and the Direct…