The Euro Zone has Raised Interest Rates for the First Time in 11 years. Is this a Sign of Bad Things Getting Worse?
In a more significant than expected action intended to combat inflation throughout the Eurozone, the European Central Bank (ECB) announced a hike in interest rates for the first time in more than ten years. The increase will become effective on July 27. Ironically, Mario Draghi resigned from his position as prime minister of Italy on…
