Europe is trying to curb the gallop of inflation. The European Central Bank’s shock plan, which drove interest rates up to levels not seen since the subprime mortgage crisis in 2008, is proving to be insufficient to contain a rise in prices that this year threatens to further bite the power purchasing by citizens. To give oxygen to consumption and prevent the economy from slipping, eight European governments of all political orientations approved large increases of
the minimum wage
: from Lithuania, the country most affected by the increase in food and energy prices as it is more exposed to the Kremlin’s economic war, to France, whose rise is less drastic as it has better contained inflationary tensions.
Spain is also finalizing an increase which, according to experts, will be between 4.6% and 8.2%.
Yolanda Díaz’s ministry prefers to agree with the entrepreneurs, even if for the moment the negotiations are stalled: the SME employers’ association warns of the damage to small businesses and it doesn’t help that Labor has boosted relations with the entrepreneurs after the clash on the return to Labor control of the causes of the Eras.
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