After EU Snub, North Macedonia and Albania Stumped by ECB Challenge
- North Macedonia, Albania struggle to make monetary policy work
- Euro area prompts monetary easing but little room remains
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The European Union’s snub of two enlargement candidates on the bloc’s southern flank triggered political tremors last year.
Now, North Macedonia and Albania are facing pressure from another source in the bloc: the European Central Bank, where President Christine Lagarde signaled all options are on the table for reviving inflation after it kept its policy ultra-loose on Thursday.