MEPs agreed in plenary on Wednesday 10 May that high inflation rates in the EU are having a deleterious effect, but were divided on whether the European Central Bank (ECB) should tighten its monetary policy.
For Nicolas Schmit, European Commissioner for Employment and Social Rights, it is important to assess and address the effect of rising interest rates on households and workers in order to avoid an increase in poverty and inequality, while ensuring that European social security systems...