This is a column about wages and prices. In 2024, inflation is falling, unemployment is near historic lows, and government coffers are bursting. Since 2020, employers and workers have seen their living standards propped up by the state spending more than €32 billion through Covid, and then again through the cost-of-living crisis created by that Covid support and amplified by the invasion of Ukraine. The State supported the economy through the cost-of-living crisis as well, of course, with energy credits and more. The State has expanded. The ECB, a little passive-aggressively, put it this way: “Buoyant revenue growth matched increases…

Want to read the full story?

Avail of our special offer and access this piece – and everything else on The Currency – for one month for just €1.

Subscribe

Cancel at any time.

Are you already a member? .