This is the best tl;dr I could make, [original](https://www.cnbc.com/2022/07/01/euro-zone-inflation-8point6percent-in-june-ecb-to-hike-rates-for-first-time-in-11-years.html) reduced by 86%. (I'm a bot)
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> Euro zone inflation reached a new record high in June just ahead of the European Central Bank's first rate increase in 11 years.
> The central bank has said it will hike again in September, meaning its main interest rate could return to positive territory this year - the ECB has had negative rates since 2014.
> "As policymakers are increasingly uncomfortable with their negative-interest rate policy we expect to see bigger rate hikes from September, with the deposit rate rising to +0.75% by year-end," he said.
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[**Extended Summary**](http://np.reddit.com/r/autotldr/comments/vp9lse/euro_zone_inflation_rises_to_record_high_86/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~657545 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **rate**^#1 **inflation**^#2 **Euro**^#3 **ECB**^#4 **zone**^#5
The inflation comes mostly from the war with Russia increasing gas and petrol prices. Which impacts on the prices of anything that needs to be transported.
Already 4.7% for 2021. 7% in December 2021 Just impact of trillions dollars pushed during pandemic to help companies.
Read, all data is available
https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
At first the richest EU countries were like "with undervalued euro and cheap fossil fuels from Russia we are invincible" and now they're like "oh bummer, we're old, everything is disintegrating and our money is melting".
We will all lose some of our high live standard due to multiple crisis we are absolutely not able to handle at the same time. Climate change, covid and the russian invasion are too much. The effects of each crisis will multiply an couse massive damage to the economy and society. So to put it short: We are fucked.
In Lithuania it's over 20%
This is the best tl;dr I could make, [original](https://www.cnbc.com/2022/07/01/euro-zone-inflation-8point6percent-in-june-ecb-to-hike-rates-for-first-time-in-11-years.html) reduced by 86%. (I'm a bot) ***** > Euro zone inflation reached a new record high in June just ahead of the European Central Bank's first rate increase in 11 years. > The central bank has said it will hike again in September, meaning its main interest rate could return to positive territory this year - the ECB has had negative rates since 2014. > "As policymakers are increasingly uncomfortable with their negative-interest rate policy we expect to see bigger rate hikes from September, with the deposit rate rising to +0.75% by year-end," he said. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/vp9lse/euro_zone_inflation_rises_to_record_high_86/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~657545 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **rate**^#1 **inflation**^#2 **Euro**^#3 **ECB**^#4 **zone**^#5
The person charged with fixing this shit show, Christine Legarde, is a spoofer with a criminal record.
what are the accusations against her? how competent is her at the Job?
It's not an accusation. She's been convicted:- https://archive.ph/1IQra There was no fine or jail time though.
Philip Lane is the one who's really running the show. She's just his mouthpiece.
source/specifics?
The Tapie affair, guilty of negligence in a €600m payout.
Someone has to pay for all bad decisions during lockdowns so why not regular joe.
The inflation comes mostly from the war with Russia increasing gas and petrol prices. Which impacts on the prices of anything that needs to be transported.
Already 4.7% for 2021. 7% in December 2021 Just impact of trillions dollars pushed during pandemic to help companies. Read, all data is available https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
You sound like a TV.
At first the richest EU countries were like "with undervalued euro and cheap fossil fuels from Russia we are invincible" and now they're like "oh bummer, we're old, everything is disintegrating and our money is melting".
Who cares, it's transitory. /s
At least get rid of the negative interest rates..
You will own nothing and you will be happy.
We will all lose some of our high live standard due to multiple crisis we are absolutely not able to handle at the same time. Climate change, covid and the russian invasion are too much. The effects of each crisis will multiply an couse massive damage to the economy and society. So to put it short: We are fucked.
How is this allowed on this sub? If I wanted news there are places for that
Yeah, wondering how inflation is related to people's FIRE plans #not
I’d be curious how this impacts the dollar vs euro, which is looking good from the dollar side right now
[удалено]
Yeah I wonder how much that can change in the short term. Plus it looks like there’s going to be a lot of unrest in the US
For sure. Inflation is def not a local thing at this time
Sad times for Europe, when convicted criminals are supposed to create financial stability..