France also offers a recipe for Slovakia. They built an energy shield and reduced inflation to a minimum
Pictured are French President Emmanuel Macron and Slovak President Zuzana Čaputová during a meeting on July 24, 2019 at the Elysee Palace in Paris. PHOTO: TASR/M. Baumann
Compared to other European countries, they manage to minimize the damage caused by rising prices. The country of the Gallic Rooster is doing well mainly because of its energy shield, which protects people from expensive energy. Its growth is based on a large share of electricity from nuclear power plants.
France is thus the only country in the euro zone with year-on-year inflation below seven percent for a long time. According to Eurostat’s estimates, in September inflation fell again from August’s 6.6 percent to 6.2 percent.
This is approximately twice less than the annual growth rate in Slovakia, which reached 13.6 percent last month.
Energy shield against high prices
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