Background: “EU Pensions seem doomed with ‘Financial Repression’ as the only game in town”

Date: 10th October 2022
Type: Press Releases

Eurozone inflation mushroomed from 3.4% to 10% in one year, further deepening Europe’s cost-of-living crisis, yet the best the European Central Bank (ECB) could muster is a late and timid hike of interest rate from 0 to 0.75%. Financial repression policies in place since the crises of 2008 and 2009 are being tightened further in an effort by governments and central banks to address the ballooning debts of the Eurozone economies, with seemingly no consideration for European citizens and the destruction of the purchasing power of their pension savings. So, why does ‘Financial Repression’ remain the only game in town?