The problems caused by inflation in the daily lives of European citizens are one of the main topics of today’s meeting of Eurozone leaders in Brussels.
Decisions may not be expected today, but due to the seriousness of the situation, they have been invited and are participating with leaders and top officials, such as ECB Presidents Christine Lagarde and Eurogroup President Pascal Donahue, to describe the situation and the possibilities for possible intervention. European level.
Indicative of the concern and the need for decision-making that will alleviate households is the fact that the Prime Minister of Italy, Mario Draghi, called for an extraordinary convening of the European Council in July with the sole topic of discussion being inflation. The proposal is supported by several leaders and Kyriakos Mitsotakis, while others, such as the Prime Minister of the Netherlands Mark Rutte, appear more reluctant, stressing that an extraordinary meeting should be held only if it leads to specific decisions.
Croatia is in the euro, Greece is out of supervision
Today’s meeting is also historic because Croatia’s accession to the Eurozone is finalized with the adoption of the euro on 1 January 2023. It is the 20th country to join, which will be welcomed by the leaders because it shows the attractiveness of the Eurozone even in difficult times such as the current economic and geopolitical crisis.
Today’s meeting is also historic for Greece, given that in his letter to European leaders on the latest developments in the Eurozone, the President of the Eurogroup essentially announces the country’s exit from enhanced fiscal surveillance and the return to normalcy from on the 20th of August.
Nikos Bellos
Source: Deutsche Welle
Source: Capital
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