France’s finance minister on how to fight inflation and preserve stability
A single monetary policy in the eurozone cannot cohabit with diverging fiscal policies, says Bruno Le Maire
SINCE THE end of 2021, European countries have been facing inflation. Mostly it has been driven by surging energy prices. This challenge had long been unfamiliar to citizens, economists and finance ministers. It is new for us and a matter of great concern. Inflation is an insidious poison. It can trigger economic recession or social unrest, or even spark a political crisis.
This article appeared in the By Invitation section of the print edition under the headline “France’s finance minister on how to fight inflation and preserve stability”
From the November 5th 2022 edition
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