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ECB Holds Rates Steady as Middle East Energy Shocks Stoke Inflation

The European Central Bank maintained its interest rates this week as escalating Middle East energy shocks stoked terrifying global inflation fears. European markets convulsed at the news, completely missing the crucial point that nobody at the Todos Santos beach bar cares about the Eurozone. While central bankers sweat over structural stagnation, local expats are far too busy ignoring their aging truck transmissions and complaining about the price of imported IPA.

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