Inflation in the Eurozone has surpassed the ECB’s 2% target, reaching 2,5%. The increase was driven mainly by higher energy prices and was smaller than markets had expected. Still, trade disruptions caused by the closing of the Strait of Hormuz are pushing up fuel costs for European consumers. “The war in the Middle East is creating the largest supply disruption in the history of the global oil market”. This is how the International Energy Agency described the effects of

Europe’s paradox: rich in savings, short on investment Europe’s economic debate has entered a decisive phase. Almost ten years after the launch of the Capital Markets Union (CMU) and a year after Mario Draghi’s competitiveness report, the same structural paradox remains: Europe is a high-saving continent that invests too little in itself. Households across the EU hold more financial wealth than those in any other advanced economy, yet a disproportionate share remains in cash