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what could tip the economy there into recession.- what could tip the economy there into recession. what are our there into recession. what are yourthoughts— there into recession. what are your thoughts on _ there into recession. what are your thoughts on what's - there into recession. what are | your thoughts on what's ahead, markets are pricing and what they think will happen in the next few months, we have seen the euro parity against the dollar. the outlook is not good at all and that is hard for christine nygaard and her team at the cbd to manage. she christine nygaard and her team at the cbd to manage.- at the cbd to manage. she is walkin: at the cbd to manage. she is walking a _ at the cbd to manage. she is walking a narrow— at the cbd to manage. she is walking a narrow line - at the cbd to manage. she is walking a narrow line on - at the cbd to manage. she is walking a narrow line on one| walking a narrow line on one hand she needs to bring down —— inflation and inflation expectations by being hawkish on inflation, it's either going to be a 25 basis point increase or 50 basis point move and she said another move in september may be another 50 basis point move there. but people are already feeling the cost of living crisis that is likely that already growth is beginning to slow, consumer confidence and business confidence and business confidence has already gone down. on the other hand she has the crisis especially in italy, and what we are seeing their
for some time and yet here we are with another cost of living crisis hitting europe? exactly, this is not _ crisis hitting europe? exactly, this is not a — crisis hitting europe? exactly, this is not a problem - crisis hitting europe? exactly, this is not a problem limited l this is not a problem limited degrees as we just heard is across the eurozone becoming a big for households. as james foley explained this is a problem for the cbd because when it starts raising interest rates that increases foreign cost which tames inflation also calls economic growth and so this is a problem the cbd will be trying to balance, you ask what the mood is like here i don't think people on the streets here where we are in the tourist centre near the acropolis are too concerned about what the cbd will say later today. about what the cbd will say latertoday. economists about what the cbd will say later today. economists are watching with a lot of focus because they want to make sure whatever happens doesn't disrupt the progress of the greek economy has seen since the debt crisis in the eurozone 11 years ago now.
investors taking fright that means the bond yields go up and that means the monetary tightening the interest rate increases are working more there, and she needs to manage that with a new tool called a fragmentation tool which is combining some of that back, but it is difficult and not all members of the cbd are in agreement as to how that should be done. i agreement as to how that should be done. ., �* ., ., , be done. i wouldn't want to be in her shoes. _ be done. i wouldn't want to be in her shoes. 0r— be done. i wouldn't want to be in her shoes. or any _ be done. i wouldn't want to be in her shoes. or any central. in her shoes. or any central bank at the moment. we will look at italy shortly. i want to get your thoughts on rishi sunak, liz truss where we are at in the race to become prime minister, the different policies on the economy, what is —— impact is this happening on the value of the pound which makes our cost of living worse? we import energy study has been