TURKEY Inflation and economic crisis are sinking the Turkish middle class

Growing climate of “austerity” in the country. Forecasts for 2022 promise a further rise in inflation, after the 36% recorded last year, a record figure since Erdogan came to power. In a nod to Islamic radicals, the government raises taxes on alcohol and tobacco, but causes another collapse in spending. Istanbul (AsiaNews) – The gradual … Read more

Italy’s March inflation rate rose 6.5% year-on-year | Europe up to date | D.W.

These estimates had been published at the end of March, when a rise of 6.7% was indicated. The statistics institute Istat explained that the revision of its estimates is due to the measures adopted by the government to reduce the VAT on gas (which is already effective in October 2021) and the special taxes on … Read more

Galloping inflation makes celiacs even fatter: 1,000 euros per year

Inflation is out of control with an increase of 9.8%. Something that hasn’t been seen in Spain since 1985. Complete the the basket is a ‘test’ for many families, but “the most unfair of taxes” is multiplied “by three, even by four” for people suffering from a certain type of eating disorder such as celiacs, … Read more

uncertainty for tourism in Europe

Diego Sanz, a tour guide on Spain’s southeastern Mediterranean coast, received his first booking from an international group in mid-February, after more than a year. “Here we live in paradise, and we were sure that when the covid restrictions are lifted we would have no problem more and tourists would come back to us like … Read more

the crisis disrupts street food

Alongside traditional recipes, sellers offer “simple” versions, impoverished, without a few basic ingredients. Like the new roast beef “scent” wrap. But the list is long and includes meatballs, quiches, ravioli and the traditional baklava. Inflation is close to 61.14%, a new maximum for twenty years. One of the causes is the government’s social policy. Istanbul … Read more

Greece on strike for price hikes and to demand higher wages | Inflation hit 7.2% year-on-year in February, the highest rate in 25 years

Greece experienced its first major strike of the year on Wednesday.a strike called by the unions protest price hikes and demand wage increases. Although the government of conservative Kyriakos Mitsotakis has approved a series of financial aid measures to mitigate rising energy prices, inflationWhat in February, it reached 7.2% year-on-year (the highest rate in the … Read more