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Hyperinflation in Germany: Prices Soaring by 50%, Mass Hunger and Poverty May Hit the Country Soon

EU Times — Tue, 05 Apr 2022 14:36:59 +0000

Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the Russian invasion of Ukraine broke what few supply chains remained and sent prices even higher into the stratosphere… … […]

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Global Supply Crisis is here to Stay

EU Times — Fri, 26 Nov 2021 22:14:20 +0000

The global supply chain is broken. Experts point out to a perfect storm of issues that have combined to break a system that used to run relatively smoothly. The Covid-19 pandemic has impacted trade around the world, causing product shortages and pushing up prices. The ongoing disruptions are hitting global growth. What are global supply […]

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Putin Approves Harsh Sanctions on Turkey

EU Times — Sun, 29 Nov 2015 21:01:47 +0000

Russian President Vladimir Putin has signed a decree imposing a package of economic sanctions against Turkey following its downing of a Russian Su-24 bomber in Syria. The measures include banning several Turkish organizations and the import of certain goods. A decree on “measures providing the national security of the Russian Federation and the protection of […]

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French government forces supermarkets to donate to charity

EU Times — Sun, 24 May 2015 20:00:47 +0000

The French government has taken steps to minimize food waste, banning large supermarkets from destroying unsold products. They will instead be forced to donate the goods to charities or farms. The National Assembly unanimously voted in favor of the ban on Thursday as part of a larger environmental bill. It explicitly prohibits the practice of […]

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Deflated: Prices in Greece at a 50-year low

EU Times — Sat, 09 Nov 2013 22:57:42 +0000

Prices of goods in Greece, from milk and bread to medicine have fallen by 2.0 percent in October, and are now at their lowest since 1962. Only the price of alcohol and tobacco increased in the last year. Consumer prices in Greece plummeted 2.0 percent year-on-year in October 2013, according to a report by Greece’s […]

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Iran bans imports from 100 European companies

EU Times — Wed, 11 Apr 2012 20:16:56 +0000

Iran reportedly plans to ban imports from European companies as part of its countersanctions against the European Union (EU). Deputy President of Iran Trade Promotion Organization Sasan Khodaei confirmed that Iran has banned imports from 100 European countries. In an interview with Press TV on Wednesday, Khodaei said Tehran has imposed sanctions against 100 European […]

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