in the UK not so bad but I get 4.2% in cash so comfortably above inflation ...

Ah, OK, I thought you were in the US. Still, inflation will likely hit Europe as well.

oh totally but the oil price slump helps us a bit more than them but I think the real worry for europe is growth because lack of growth fans the flames of the far right

Let's see how that goes. Europe has a lot of catching up to do, to substitute US-made products, in particular the software. It can be an opportunity. But the tarriffs will drive the prices up and make money lose value.