Europe’s inflation monster emerges from the depths of a sea of money
The eurozone is swimming in money, with the amount of cash in circulation in the EU increasing sixfold between 2014 and 2021. The balance sheet total of the European Central Bank (ECB), which grew from €1 trillion to €2 trillion between 1999 and 2015, is now a staggering €8.8 trillion. At the end of 2021, […]
