Middle East turmoil set to dominate Eurogroup and finance talks

Eurozone governments are assessing the economic repercussions of the recent conflict with Iran, focusing on the risk of a renewed energy shock that could reignite inflation and the implications this may have for European Central Bank (ECB) monetary policy. The concerns arise at a delicate moment for the bloc, as inflation had begun to ease […]

ECB policymakers warn of inflation spike if Iran war lasts

Three European Central Bank policymakers warned on Thursday that euro zone inflation would likely rise, and growth sag, if the war in Iran were to ‌become drawn out and suck in more countries. As the US–Iran war entered its sixth day, the conflict has widened beyond Gulf states and into Asia, convulsing global markets and raising questions about the ⁠ECB's benign outlook for the euro zone. The ECB's vice president Luis de Guindos and the central bank governors of Germany and Finland all said it

By The Korea Herald