Can the ECB still save the euro? Germany’s consumers are currently experiencing the highest rate of inflation since the oil crisis almost 50 years ago! Markus Fugmann, Editor-in-Chief of , explains why the currently high inflation is mainly due to the financial policy of the ECB www.finanzmarktwelt.de in conversation with Andreas Ullmann, Managing Director of USUALLY Sales Ltd. Markus Fugmann also explains why inflation rates will probably continue to rise in the near future. You can find out all this and much more in the video!
A notice: The video was recorded three weeks ago, when the latest data on inflation as well as the ECB’s latest interest rate move of 0.75% and the halt to gas supplies by Nord Stream 1 were not yet known. But the video is about overriding issues that are still relevant today!
The timeline for the video:
00:00 Introduction
02:36 Development of the ECB – balance sheet in EUR
05:43 consumer prices in the euro zone
20:07 Record – inflation forces interest rate turnaround
22:15 France “leader” in total debt
39:44 Purchases / sales of EU government bonds by the ECB
40:20 Russia’s Gold vs. Dollar Reserves
40:43 gold holdings of central banks worldwide