EU ‘will be poorer’ due to inflation

Talking at arrival of a gathering of EU finance ministers, Dutch finance minister Sigrid Kaag mentioned inflation will drive down way of life throughout the continent. “We have now to grasp we are going to grow to be collectively poorer,” she mentioned. “We have now to deal with susceptible households, however we can’t hold compensating. It’s financially unsustainable”. She added that member states will want fiscal area to put money into climate-change measures.