Mass demonstrations in Germany

Oct 31, 2022

Mass demonstrations took place in several cities across Germany on October 30, 2022. The people on the streets are demanding an end to sanctions on Russia which causes the destruction of their economy and inflation.

While mass media outlets again report just a couple of hundred people attending the protests, there were tens of thousands of people protesting on the streets of Europe’s largest economy yesterday.

Some of the protesters said their so-called leaders had enough time to make positive decisions but they refused to make them.

There’s something ultimately powerful when such huge masses of people come together with one unified goal.

Euro area annual inflation hit a new record high of 10.7% in October 2022. This is up from 9.9% in September, according to a flash estimate from Eurostat, the statistical office of the European Union.

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Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in October.

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