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Draghi to Brussels: do whatever it takes or the EU is toast. Irish inflation, American debt and the mystery of still too high Euro interest rates.
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Draghi to Brussels: do whatever it takes or the EU is toast. Irish inflation, American debt and the mystery of still too high Euro interest rates.

Ireland fails to overheat.

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Irish inflation this week confirmed that the economy is showing few, if any, obvious signs of overheating. Prices are still going. up but at their slowest pace in a long while. That said, prices are 20% higher than we saw pre-pandemic.

Memo to economists: don't pretend you know what causes inflation.

Eu…

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