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Mario Draghi called for an additional EU summit in July to work out a joint response to battle inflation and recession (Photo: European Parliament)

EU summit's uncertainty in the face of economic war

Top of the agenda for the 27 EU leaders gathered in Brussels was the fallout of what has become a fully-fledged economic war with Russia.

Gas cut-offs and disrupted supply of food and resources have driven up inflation in the bloc to 8.1 percent.

As a result, although the EU economy is still expected to grow this year, a recession is fast becoming a threat, especially for some of the most indebted member countries.

Leaders on Friday (24 June) spoke of the importance of uni...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Mario Draghi called for an additional EU summit in July to work out a joint response to battle inflation and recession (Photo: European Parliament)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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