/ world today news/ Inflation in the Eurozone has reached a record 4 percent in recent years, reports Frankfurter Allgemeine. In Germany, this increase is felt most clearly in the increase in the price of fruit and vegetables, as well as meat. Germans see the cause of what is happening in the too loose monetary policy of the ECB and its president Christine Lagarde. Due to low interest rates and inflation, the savings of German citizens are melting before their eyes.
Weekly market in Frankfurt am Main. Today, many shoppers are taking a closer look at prices, as many products have risen in price in recent months. The European Central Bank estimates that inflation in the Eurozone is already 4 percent. Before that it was zero for years.
ADULT MAN: It is most strongly felt in the prices of fruits and vegetables, and partly also of meat.
Many see the reason for what is happening in the too loose monetary policy of the ECB and its president Christine Lagarde.
OLD WOMAN: Ms Lagarde says that by the middle of next year all this will be overcome. From her mouth V Withyou live ears! I’ll wait until the middle of the year to begin with.
In Germany, the new interest rate policy has been criticized particularly harshly because it makes saving money practically less profitable. In the southern part of Europe, everything is different.
KARSTEN BRESKY, German economist: This discussion ignores the fact that the ECB’s monetary policy has a large number of positive effects on the lives of Germans, but public criticism, as usual withpanfocuses only on the savings and the fact that they sis withgroupthey are due to lowthem interest and inflationand.
Translation: ES
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