When government spending collides with central-bank rate hikes in the face of rampant inflation, markets take fright.That's the lesson for UK Prime Minister Rishi Sunak after the implosion of his predecessor's "Trussonomics" bazooka of energy aid and tax cuts.A more austere path beckons.The euro zone has dodged this turmoil, which gives an idea of where the real economic radicals sit these days.
#necessarily #effectively #combination #governments #frustration #consequences #investments #european-union #interest-rates #european-central-bank
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