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04
Jun 2026
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When Greece had 100-billion-drachma banknote

It was used for a day

Inflation Woes Plague Developed Nations (infographic)

The Harmonised Consumer Price Index published monthly by Eurostat rose by 3.6 percent year-on-year in the European Union

Natural gas price up by 91%, as inflation rose in past month by 1.9%

Fuel prices rose by over 17%

European Central Bank sets new inflation target at 2%

The ECB said its target would be symmetric

Unfazed by lira’s decline, Turkey persists with lowering interest rates

The domineering president has eroded central bank independence to exert more control over the economy

Inflation outlook unchanged, Turkey tees up more rate cuts

Relative stability

IMF projects a 2.4% rise in Greek GDP in 2019 before it drops off

The Fund released its annual World Economic Outlook report

Erdogan tries to ease the pain of Turkey’s bad economy but it’s still hurting

Unemployment and inflation have hit double digits while rising prices, especially at the vegetable markets, have become a national obsession

Turkish inflation rate jumps above 25% on lira weakness

Currency crisis this year has put acute upward pressure on prices

Video of Venezuelan President Maduro eating scarce meat in Turkey causes uproar (video)

Meat in collapsing Venezuela becoming scarce

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