EU Inflation Still Seen as Temporary, Eurogroup’s Donohoe Says

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Bloomberg Markets and Finance published this video item, entitled “EU Inflation Still Seen as Temporary, Eurogroup’s Donohoe Says” – below is their description.

Inflation pressure in Europe is still likely to be temporary even if it is taking longer than expected for it to slow, said Eurogroup President Paschal Donohoe. While the omicron variant of the coronavirus is “a concern,” Donohoe said he remains confident in the euro-area economies. Any decision on when to phase out the current supplemental spending aimed at boosting the economies “is completely contingent on where we are with the disease,” he said. He spoke to Bloomberg’s Francine Lacqua and Maria Tadeo.

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