When do you expect the rate hike to end? European Central Bank Reducing hyperinflation in the (ECB) and the eurozone?
It’s impossible to know when it will happen but I’m sure The European Central Bank will continue to push interest rates and this will serve to reduce inflation. Sooner or later this monetary policy will lead to low inflation. We will also need to see the impact of these increases on employment.
Is there a horizon of when it can go down, or does it depend on factors like, for example? war in ukraine?
I’m sure it will depend on many things. However, inflation is likely to decrease to an acceptable level. maybe two or three years.
What priority economic measures should European governments take once this whole economic storm is over?
Not all European countries are the same. But I think they will take it step by step and adjust their economic positions. It will take these two or three years for inflation to come down to a sufficient level, and then a more normal management policy will be carried out.
Do you think the real problem will be to avoid a more economically unequal society?
people always seeking a time of less inequality than now. And I anticipate that many European governments will take action to achieve this goal. There will be policy changes every year for a while, that’s for sure.
But will more steps be taken to ensure that more people do not experience financial difficulties?
Yes, I think European governments will find it necessary to take action to improve the situation of two types of people in particular, the lowest-paid in low-paying jobs and then retirees with lower incomes and having a hard time. These will be the basic needs that European governments will see.
think about it Europe After all these economic difficulties, will the world be strategically better off or will it be worse?
In the long run, I think everything will be better for Europe. I see no reason to be pessimistic about this. Of course, new problems may arise. But putting that aside, we can expect progress in the European position.