Eurozone can’t recover wealth lost to energy crisis

The burden will ultimately be shared between firms and workers, the head of the European Central Bank warns The euro area won’t be able to recover massive terms-of-trade losses incurred by rising energy prices, European Central Bank (ECB) President Christine Lagarde said during a conference at Frankfurt’s Goethe University on Wednesday. According to the head of the bloc's regulator, the cost of those losses must ultimately be shared between firms and workers. “And it is important that there is fair burden-sharing between them, with both accepting that they cannot fully recover the income that the euro area has pai

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Last updated : 23 March 2023 clock 04:12 PM

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