Even in the context of an overwhelmingly public school system, the level of education and income of the student’s family remain decisive. If the quality of schools is differentiated and informational transparency is lacking, only “educated” parents will be able to guide their children to the best classes and the most capable teachers.
Inflation is a very different kettle of fish: this year, consumer price inflation in the euro area has climbed from one record high to the next since the introduction of the single currency. Hitting 10%, the September rate was the fifth all-time high in a row. One major driver of this inglorious record-breaking spree is Russia's war against Ukraine.