Tuesday, July 12, 2022
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EU ‘will likely be poorer’ attributable to inflation

Talking at arrival of a gathering of EU finance ministers, Dutch finance minister Sigrid Kaag stated inflation will drive down lifestyle throughout the continent. “We’ve got to understand we’ll turn into collectively poorer,” she stated. “We’ve got to handle weak households, however we cannot hold compensating. It’s financially unsustainable”. She added that member states will want fiscal house to spend money on climate-change measures.

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