Europe Chooses Inflation Over Illusion
The European Central Bank has finally accepted what markets have been slowly discovering for months. The inflation shock is no longer an energy story. It...
Tag: ecb
Europe’s Inflation Trap Returns
For months, central bankers tried to convince themselves that inflation was dying peacefully. The post-pandemic shock was supposedly fading. Supply chains were normalising. Energy prices...
Europe’s Inflation Mirage Is Breaking Apart
For nearly two years, Europe comforted itself with a reassuring narrative. Inflation, we were told, was under control. The energy shock belonged to the past....
The ECB Between Oil, War and the Ghost of Stagflation
The European Central Bank has not raised rates yet. But it has opened the door. At its latest meeting, the ECB kept the deposit rate...
France at a Standstill: The Quiet Arrival of European Stagflation
France has not collapsed. That would at least be visible. It has simply stopped moving. In the first quarter of 2026, the French economy recorded...
Held Rates, Rising Risks
The bond market has stopped dreaming of rescue. A few weeks ago, investors were still clinging to the idea that the Federal Reserve would ride...
Europe’s Strategic Folly Comes Due
Europe is once again discovering that moral postures are not an energy policy. For years, the continent congratulated itself on its virtue, mistaking dependency for...
The ECB’s Next Move May Be a Rate Hike
The European Central Bank has not raised rates. Not yet. But the fact that such a possibility is now openly circulating inside Frankfurt tells its...
Europe’s Bond Mirage
The calm lasted precisely one day. European bond markets briefly stabilised before resuming their descent, as investors digested a reality that central bankers would rather...