Donohoe warns of dangers of inflation in EU economies

Speaking as president of the Eurogroup ahead of a meeting of eurozone leaders in Brussels, Paschal Donohoe said that while the EU economy would still grow this year, there were stronger risks in 2023.

"We do need to acknowledge the risks that we could face, if inflation does become embedded into our economies. So it is in all of our interests, that the inflationary pressures that we're now facing, the measures are put in place to do two things, firstly, to avoid the risk that these pressures become part of our medium-term outlook, and become embedded in our economies.

Meanwhile, the Taoiseach Micheál Martin said that while there was a global risk of recession, it was not guaranteed. But he warned that while the Irish economy was still growing this year there were risks next year. At around 7.30pm Irish time EU leaders formally adopted the proposal to give Ukraine candidate status.

It marks a dramatic step in Ukraine's long struggle towards a European future and away from Russia’s sinister embrace.

Source: News Formal (newsformal.com)

Thats the result of ECB currency debasement

If we keep bangin’ bilions into 🇺🇦 and having ineffectual sanctions against 🇷🇺 then we are in this hole for the long haul.

The main concern is how to stop higher interest rates widening bond spreads in highly indebted countries like Ireland. Populist policies won't work. Paschald irishcongress

We need to vote out these lefty liberal governments who live in fairy story land and vote in government who one sole focus is economics until this crisis is over

Pass the buck much PaschalDonohoe? Talk to your overpaid, unaccountable Brussels counterparts instead of telling Paddy and Mary there's nothing you can do about inflation.

Well he’d wanna do something about it so the scientist

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