Inflation in the Eurozone has hit a record. In the context that the US Federal Reserve (FED) has just raised interest rates, the old continent is likely to make the same move.
Amid the shortage of energy supplies and sharp price increases, Europe has been seeking measures to cool down in the short term, as well as solutions for long-term stabilisation.
Modern history shows that there has never been a universally successful model that can be applied perfectly to every country. Sustainable development is only possible when a nation finds a path suited to its own historical circumstances, level of development, governance capacity, and national interests.