Is the Ec B Going Nto Tail Spin?

This week the e c b raised interest rates by zero point seven five %. The rate of inflation is ten% in europe, so the real rate of interest is minus nine%. But what they don't want to do is precipitate a recession at a time when the economies are going into a tailspin. It's all related to energy. Once inflation goes up, your real income falls dramatically, unless your wages go up. And wages aren't going up just yet. So it means the clause space of germany and japan is going to rise. They're both the biggest exporters per head in the world, marque even bigger than china. But they're all