European Central Bank – annual report 2025

Tabled by Rada Laykova, Siegbert Frank Droese

Added: 10a. Highlights that the so-called ‘cost-of-living crisis’ is just another term for the significant decline in the general population’s purchasing power, while monetary inflation and a low-growth environment are generally among the main economic causes of such declines; points out that inflation adjustments often at best only raise wages up to the officially reported level, such that if inflation is systematically under-reported, this would result in a sustained decline in real wages; points to the link between sustained expansionary monetary policy and property prices, and subsequently housing prices, in a fiat money system;

Wording as published by the EP, in English. PE782.063v01-00