German expert spoke about the risks for the euro

Material author:

The EU currency could be hit hard by prolonged inflation. This was told by Thomas Mayer, who previously held the position of chief economist at Deutsche Bank.

According to Mayer, in the near future, the EU expects a long rise in prices that can destroy the euro. The European Central Bank could find a solution to the problem, but in the current situation, its capabilities will be limited, the expert believes.

The consequences of rising prices will affect not only the European economy, but also the social and political environment. So, according to the expert, in the 20th century, the National Socialists came to power in Germany on a wave of dissatisfaction with high inflation rates.

The economist believes that if the trend continues for a long time, more and more Europeans will abandon official money in favor of unofficial ones.

Earlier, the Financial Times reported that the recovery of the global economic system after the pandemic will be longer than expected due to Russia’s special operation in Ukraine. The newspaper’s analysts believe that almost all countries this year will face a slowdown in production and rising prices.

Related posts

The Currency Accounting Center approved the regulation in case of sanctions for market participants


In the shopping center of Moscow, the share of vacant space reached a maximum in 12 years


H&M told how much it cost to close stores in Russia


The ruble rose against the euro to a historical maximum in 7 years

Sign up for our Newsletter and
stay informed

Leave a Reply

Your email address will not be published.