The Next Generation EU program — 750 billion euros in grants and loans aimed at kickstarting the recovery — is poised to get underway, with Southern European countries due to receive the lion’s share (via Maeva Cousin & David Powell) trib.al/pqi65Fv

Great to be back at Bloomberg HQ in London, after six months off with my daughter and newborn son. Bloomberg's commitment to gender equality is one of the many reasons I'm proud to work here.

#ECB President Christine Lagarde is set for more APP buying as prices jump. Read David Powell's full preview to today's policy meeting in the Bloomberg @Economics #EuroEco Brief. newsletters.briefs.bloomberg.com/document/brz4e…

Euro-area #inflation is likely to top 4% in 4Q, more than 2 ppts above what the #ECB and Bloomberg @Economics projected at the start of the year. Unpicking the reasons for the miss shows we needn’t be scared, yet. More from Maeva Cousin & @JMurray804 in today's #EuroEco Brief.

Slack in the euro-area labor market flags a likely win for ‘Team Transitory’ bloomberg.com/news/articles/… via David Powell Maeva Cousin

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Draghi’s move to the Italian presidency may ruin the recovery (via David Powell) trib.al/gUqv6SI

The prospect of Mario Draghi becoming Italy’s president is a major risk for the country’s economy and such a move would also impact the broader euro area, Bloomberg Economics’ David Powell says bloomberg.com/news/articles/…

#DailyDataPoint: Draghi-Macron rule suggestions may ease EU fiscal policy (via David Powell) trib.al/MGTurkz

#DailyDataPoint: The ECB may exempt more excess reserves from the negative deposit rate (via David Powell) trib.al/KhYoiRC

Where's the European hiking cycle going to end? Join Bloomberg Economics Chief Europe Economist Jamie Rush at 2pm UK for a discussion on neutral interest rates, whether the BOE & ECB are behind the curve and implications for markets. bit.ly/3KC8tDL @JMurray804 Bloomberg Economics

#DailyDataPoint: Draghi may stave off an Italian recession (via David Powell & Maeva Cousin) trib.al/zXGPmsI

The largesse of Draghi's government is mitigating the risk of a recession in Italy this year bloomberg.com/news/articles/… via Bloomberg Markets David Powell Maeva Cousin #Italy

#DailyDataPoint: ECB TLTRO rate to be raised in June, scheme’s end looms (via David Powell) trib.al/P08eNU1

#DailyDataPoint: ECB TLTRO subsidy will delay rate corridor narrowing (via David Powell & Maeva Cousin) trib.al/da5U5Of

The situation is already extremely dangerous for #Italy's huge debt pile, and a crisis could erupt at any moment, according to new research from Bloomberg Economics bloomberg.com/news/articles/… via Bloomberg David Powell @JMurray804

An Italian debt crisis could erupt at any moment, Bloomberg Economics’ David Powell & @JMurray804 say trib.al/u9Kvnbt

#DailyDataPoint: ECB is set to debate QT in October and kick off balance sheet reduction in March (via David Powell) trib.al/zwDDaEI

ECB to only hike by a quarter point amid banking turmoil, Bloomberg Economics’s David Powell, Maeva Cousin & @JMurray804 says bloomberg.com/news/articles/…

Is the easing in financial conditions that has resulted from recent changes in market expectations for interest rates in the euro area compatible with inflation returning to the ECB’s target in a timely way? - David Powell, Bloomberg Economist #AskECB