Upon its founding in 1945, the Forum was one of the first post-war initiatives that aimed to establish a unified and democratic European community. We have come a long way since that time but, as the war in Ukraine has shown, we are still some distance away from achieving the goals of Otto Molden and Simon Moser, the founders of this wonderful forum.
Robert Holzmann has posed a very important question: what are the drivers of the very high inflation rates that we see today? It has been over a year since the euro area economy has been hit by a sequence of supply shocks -including successive waves of the pandemic-- that have pushed up inflation.