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Why inflation is not only bad news: higher prices also make debts ‘cheaper’

Why inflation is not only bad news: higher prices also make debts ‘cheaper’

Inflation is currently rising rapidly, affecting daily expenses, but it also has the advantage of making existing debts relatively cheaper. Economists note that a moderate level of inflation is essential to prevent the economy from stalling.

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Cabinet approves nearly 400 million euros extra for emergency and development aid

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