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The European Central Bank headquarters in Frankfurt (Photo: ECB/Flickr)

Analysis

Instead of fighting corporate greed, EU central bank targets wages?

Reuters published a story on a meeting between European central bankers this week, held somewhere in Finland in a remote village above the arctic circle (suitably far removed from democratic scrutiny, but that is a point for later.)

In it, two dozen slides were supposedly shown detailing how large corporate profits made up the bulk of inflation over the past year, a departure from the official story until now of a mismatch between demand and supply—or as classical monetary theory woul...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

The European Central Bank headquarters in Frankfurt (Photo: ECB/Flickr)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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