Ad
Mario Draghi called for an additional EU summit in July to work out a joint response to battle inflation and recession (Photo: European Parliament)

EU summit's uncertainty in the face of economic war

Top of the agenda for the 27 EU leaders gathered in Brussels was the fallout of what has become a fully-fledged economic war with Russia.

Gas cut-offs and disrupted supply of food and resources have driven up inflation in the bloc to 8.1 percent.

As a result, although the EU economy is still expected to grow this year, a recession is fast becoming a threat, especially for some of the most indebted member countries.

Leaders on Friday (24 June) spoke of the importance of uni...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
Mario Draghi called for an additional EU summit in July to work out a joint response to battle inflation and recession (Photo: European Parliament)

Tags

Ad

Related articles

Ad
Ad

Latest News