Financially, the past year was bad for almost everyone. Inflation of 10% year-on-year across the rich world has cut into household incomes. Investors have lost out as global stock markets have fallen 15%. However, this overall poor performance hides wide differences: some countries have done quite well.

Handelsblatt's online edition hosts an interview with the head of the Bank of Greece, Yannis Stournaras, about the economic developments in the eurozone. As the newspaper's correspondent in Athens points out, the central banker "unlike many of his colleagues on the Governing Council of the European Central Bank, sees a rapid de-escalation of inflation".

Inflation in Greece moved to 9.5% in October 2022, according to Eurostat's final data. At the same time, the eurozone is registering record inflation of 10.6%.