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EU economies relative battles with inflation…
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Don’t google Baltics
*cries in windmolen*
**WE ZIJN #1 BOOOYS! LFG!**
In the Netherlands… can confirm… people are losing their shit over the price hikes, energy bills are up by almost 180% from this time 18 months ago.
I’m impressed with Switzerland’s lower inflation rate. Also their flag is a big plus.
Don‘t worry. It‘s transitory. Just like my wealth it will disappear soon.
We Dutch are the best Europoors! All you other Europoors, are you even trying?
G E K O L O N I S E E R D
We are at the precipice, of an enormous crossroad.
Winning !
Close to Zero borrowing costs is unsustainable. Are central banks just incompetent or do they not care.. bc this is really easy to understand
Where is Czech Republic
These are rookie numbers. All of these combined are barely more than Turkey’s 24 year record high of 80.21% set in August.
https://www.reuters.com/world/middle-east/turkeys-inflation-touches-new-24-year-high-802-2022-09-05/
Can we trust that they all use the same formula to calculate inflation, and that they are all equally honest in their reports?
I don’t think so
So a joint in Amsterdam must be like 25-30 euros now haha tough times indeed
And it’s in direct correlation with the US slowing down their inflation. A big chunk of global debt is based on USD, so if it inflates in a lesser degree/slower than other currencies, it makes debt skyrocket worldwide.
France flexing that nuclear power rn.
oh ffs. I’m a German expat in NL and feel doubly fisted. I thought the Dutch prices wouldn’t increase as much here as in Germany, because they are not as reliant on gas. But no, prices here skyrocket as well, and that’s from a higher base level to begin with. fml
>I am not surprised that there are major differences in inflation across Europe. The Netherlands, Sweden, and Germany have all experienced higher inflation than the UK, Spain, Italy, and France over the past few years. This is likely due to a variety of factors including economic growth rates, energy prices, and currency values.
Sounds like USA is going to have to export some sweet sweet freedom pretty soon.
I do not see the usd losing reserve status without a serious conflict. Saudis swapping sides is pretty huge… They’re the ones that helped set up the petrodollar standard…
Hope I am wrong. But that just seems like the direction we are all heading. Sad face. Frown.
Kut
I was just in Berlin Germany, went to a a fancy coffee place (The Barn) and got 2 hand brew coffees, 1 macchiato, and 2 pastries = 11 euro.
Yesterday in Zurich, I got the same thing at a similar place (Boreal) and it was 35 CHF
Whatever the inflation is, Germany is SUPER CHEAP compared to Switzerland. Things here are easily 30% – 50% more expensive than Germany.
Too much talks about the high UK inflation but nobody talks about the Netherlands
Looks like America is going to have to save the poors again
I look at the Swiss and think congratulations and fk you.
Also Turkey is part of the EU customs union they are only at 80%. Their central bank and government is like fk it.
If its only 10% then why does some shit almost cost the double lol