As in 2008, the ECB Has Failed in Its Fight to Prevent Inflation in 2022.

"Inflation is like toothpaste. Once it's out, you can hardly get it back in again. So the best thing is not to squeeze too hard on the tube."

When talking about inflation in the eurozone, it is impossible not to start talking about the Eurosystem and try to understand its mission. In the Eurozone, interest rates influence the economic situation and price stability. It is the Eurosystem that is responsible for defining and implementing the single monetary policy of all countries that have adop…