US Edition8 Articles
8 Articles
The European Commission believes that the crisis resulting from the war in Iran can hit the EU economy hard despite the ceasefire reached by the US and the Iranian regime, and Commissioner Vladis Dombrovskis said this Thursday in a debate with the European Parliament's Committee on Economic Affairs. In this scenario, Brussels calls for limiting energy aid such as the one proposed by the Spanish government for the risk of deficit and sees still t…
Dombrovskis: "Suspension Stability Pact only in the event of a recession" - According to EU Commissioner for Economic Affairs due to the situation in the Middle East the European economy remains at risk of a stagflationary shock
The Commissioner for Economic Affairs warns that governments have no room for manoeuvre to trigger public spending in response to the crisis in Iran. More information: Brussels warns Spain to reduce fuel VAT to 10%: "European rules do not allow this"
EU faces ‘stagflation’ over war, economy official warns
The EU will be hit by a “stagflationary shock” despite the US and Iran agreeing to a two-week ceasefire, the bloc’s economy commissioner warned. The Middle East conflict has exposed Europe’s vulnerability: The continent imports most of its energy, while commercial shipments have also been upended by disruptions to global transit routes. Though some countries have moved to buffer against the war’s worst impacts — several are considering restartin…
Good morning, On day two of the ceasefire in the Middle East, in this economics blog we are tracking the consequences for the stock markets and of the…
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