Now the address of the issuing institute proposes an increase of 4.07% to be applied in January next, a number that represents less than half of the last 10% annual inflation rate that was registered in November in the 19 countries that use the single currency, and the 10.6% that it reached in October.
Prices on the continent had a strong rebound this year due to the increase in the cost of energy and foodand are located well above rates close to 2% registered in previous years.
Workers consider this increase insufficient and they question that the ECB’s own policy led them to this situation.
“The ECB has a problem because it has not fulfilled its mission regarding inflation. Instead of controlling it at 2%, we find ourselves with a rate of more than 10%,” he denounced the AFP news agency. Charles Bowlesvice president of the IPSO union.
Meanwhile, in dialogue with the Spanish newspaper El País, Bowles pointed out that the union “spoke with Lagarde” but that she “does not want to negotiate”.
“That’s why the workers are angry,” he said.
The European entity respondedagainst the claims, that every year and regularly performs a salary review, which “reflects the dynamics of the salaries of the reference institutions, in particular the 19 national central banks of the euro zone, the European Commission and other European institutions”.
The entity itself, in its diagnosis of inflation in recent months, warned about the possibility that workers will seek to recover all the loss of purchasing power lost since it -argued- could lead to a price spiral and that inflationary expectations become unanchored, which would bring higher inflation and a greater loss of real wages.
“We do not rule out a strike laterbut after other forms of protest that could take place,” Bowles anticipated in the face of the ECB’s lack of response.
Previously, in 2009the workers of the bank -which has more than 3,500 employees- they carried out the first strike in their history Due to changes in the system retirements of the entity regarding the calculation of salaries, the reduction of incentives for those who retire before the age of 65 and the increase in contributions.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
