Re:Binance's books are a black box, filings show, as it trie...
by lossolo on Monday December 19, 2022 @05:23PM
(#34058613)
> The European Central Bank has arguably failed its mandate of keeping price stability within the eurozone when some countries have more than 20% inflation.
It's not that simple. They could rise interest rates more but Italy and Greece would probably default on its debt, which would make euro a lot more unstable than keeping 20% inflation rate in three very small eastern european countries which corresponds to 3.6% of the whole EU population. Current inflation in euro zone is ~10%.
It's not that simple. They could rise interest rates more but Italy and Greece would probably default on its debt, which would make euro a lot more unstable than keeping 20% inflation rate in three very small eastern european countries which corresponds to 3.6% of the whole EU population. Current inflation in euro zone is ~10%.