A Meloni government should be compared to the Conte government. The Conte government played a blackmail game against the EU and the ECB. Will Giorgia Meloni now be able to act in the same way?

With considerable delay, the European Central Bank has begun to fight rampant inflation with interest rate hikes. The public debate now revolves around the impact of higher interest rates on savers and businesses. But that is not all.

Inflation has left a clear mark on our society. However, this did not happen recently with the rise in consumer prices, but over the past eight years.

The ECB's so-called "Transmission Protection Instrument" bears a certain resemblance to the defeat device for exhaust gas purification in internal combustion engines. The defeat device functioned perfectly until it was discovered. This is questionabl ...

With first signs of a wage-price spiral emerging it seems that we are only at the beginning of an ongoing inflationary phase.

Interest rates have fallen over the last 700 years. Medium term, a return to trend values for the real rate of around four percent and the nominal rate of somewhat below six percent is likely.