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US, EU inflation result of ‘unprecedented’ money-printing – Putin

The Russian leader pointed to the US “printing press” and EU “green energy” policies Inflation in the US is a consequence of mistakes by American financial authorities, which they admitted to, while in the EU it has more to do with short-sighted energy policies in Brussels, Russian President Vladimir Putin said on Friday. Either way,…

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White House urged to sanction EU state

A Democratic congressman called on the Biden administration to consider all tools to ensure Hungary supports a ban on Russian oil US Congressman Raja Krishnamoorthi (D-Illinois) has urged the Biden administration to consider sanctioning Hungary over its reluctance to approve the EU ban on Russian oil.

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Germans forced to cut spending – media

Nearly half of German citizens cannot maintain their former lifestyles amid record high inflation, Bloomberg reported on Friday, citing a survey conducted for public broadcaster ARD. Poll data shows that some 47% said they were strongly cutting back on spending. Among low-income Germans, the proportion of citizens who were forced to tighten their belts was…

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