High European inflation symptom of deeper economic shift: economist

STORY: High European inflation symptom of deeper economic shift: economist DATELINE: Dec. 7, 2022 LENGTH: 00:02:36 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): Carlo Altomonte, Professor of political economics at Bocconi University in Milan 2. various of the factory 3. various of supermarket 4. various of good in shop STORYLINE: An Italian economist has said that record rates of inflation that have hit European Union (EU) member states this year are a symptom of a wider economic paradigm shift. Inflation in the 19-nation eurozone was 10 percent in November, following a record-high of 10.6 percent the month before, and the highest year-on-year price increases since the creation of the euro currency have all taken place in the last nine months. Carlo Altomonte, professor of political economics at Bocconi University in Milan, said the record price increases are part of a broad economic shift for European countries. This shift is even more extreme than that of the 2008-2009 fina

Italian economist warns of inflation risks in Europe

STORY: Italian economist warns of inflation risks in Europe DATELINE: Aug. 4, 2022 LENGTH: 00:01:21 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street views of Rome 2. SOUNDBITE (English): CARLO ALTOMONTE, Economist at Bocconi University in Milan STORYLINE: An Italian expert has warned that the lack of awareness of inflation in Europe may lead to a slowdown in consumption and investment over the next months. SOUNDBITE (English): CARLO ALTOMONTE, Economist at Bocconi University in Milan "I would say that we are much less used to the problems of inflation, rather than the currency devaluation. I would have to say that we have been in the single currency plus the very low inflation environment which we have been used to over the last ten years. I've never heard anyone recently talking about the value of the euro versus the dollar. I see many people keeping a lot of cash, a lot of liquidity in their bank accounts without realizing that this ability is going to be erased pretty quickly by the deg