![le fruit défendu le fruit défendu](http://i.ytimg.com/vi/2gUUpsflyjA/maxresdefault.jpg)
I think the bigger drops like this are mostly about mistrust.
![le fruit défendu le fruit défendu](https://1.bp.blogspot.com/-GpH1M4pBJao/UZwxHrtGJ1I/AAAAAAAAFGI/ffdRBkSGFOs/s1600/def4.jpg)
And that would mean a lot of companies go bankrupt and a lot of jobs disappear. And raising interest rates would mean a lot of projects go unfinished and lots of new housing unsold. While some of the inflation is due to government spending and very low interest rates encouraging lending, there is also a big mistrust component in it and it’s hard to reduce lending when the economic growth depends on it. Normally you would control inflation with interest rates but that works when inflation happens due to overheating of market. This is originally mostly due to stupid monetary policies but now I think the situation is actually difficult to handle even for a competent administration. It has depreciated steadily to around 1/10 of the value it had in 2008. Wouldn’t call it hyperinflation at this point, but the currency has be losing value in a fast pace for several years now. This map is interactive! More locations ».Related Subreddits SubredditĬasual conversations focused around Europe.īy Ivan Shishkin and Konstantin Savitsky, public domain, via Wikimedia Commons.īy Edward Okuń, public domain, via Wikimedia Commons. During the week, please use /r/CasualEurope instead. Non-OC photograph posts are only allowed on weekends. Interested in doing an AMA? Know someone who is? Message the mods! Rules on photo posts