“Based on our regular economic and monetary analyses, we today conducted a comprehensive assessment of the economic and inflation outlook and our monetary policy stance.” (Mario Draghi) During the press conference of 8th December 2016, the President of the ECB (European Central Bank) Mario Draghi, together with the Vice-president Vítor Constâncio, presented a series of […]
Shortages, high level of inflation and uncertain living standards are the linking features that characterize both the current situation in Venezuela and the specular one in Zimbabwe fifteen years ago. The country started experiencing hyperinflation from 2000, when discrepancies between the official currency rate and the black market rate arose, which continued to grow at […]
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