Inflation has been driven up by the normalisation of prices for services, following the opening up of economies in autumn 2021. 3. The rapid recovery from the recession has aggravated production bottlenecks and problems in the availability of components and has pushed up product prices.
I would tell them that the best way to improve the return on their savings is for the crisis to be solved as quickly as possible. This means that the economic reforms have to be implemented in the stressed countries, but it also means that we have to complete the measures designed to make the euro area as a whole safer.