The Eurozone Has Won the Battle Against Inflation. Is Peace with Prices Coming or Another Treacherous War?
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“We have won the battle against inflation in Europe,” proclaimed the governor of the Bank of France, Francois Villeroy de Galhau. The eurozone was under attack by price increases in 2021, and the ECB has been battling inflation since 2022. Prices have exploded due to supply chain disruptions caused by the COVID-19 pandemic and the energy shock caused by the war in Ukraine.
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