France’s Le Maire Says Europe Moving Away From Inflation Wave

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Bloomberg Television published this video item, entitled “France’s Le Maire Says Europe Moving Away From Inflation Wave” – below is their description.

French Finance Minister Bruno Le Maire said Europe is moving past the worst of an inflationary surge. He spoke over the weekend on the sidelines of an economic conference in Aix-en-Provence. (Excerpts)

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France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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