The United States on Wednesday urged Germany and other European countries to take seriously the risk that Europe could slip into a dangerous spiral of falling wages and prices. "The risk of deflation is something that has a lot of people concerned," Treasury Secretary Jack Lew told U.S. broadcaster CNBC, urging Europe's export-geared countries to do more to boost economic demand on the continent. "Germany obviously is one of the surplus countries in Europe," he said in an interview ahead of the spring meetings of the International Monetary Fund in Washington. He welcomed German politicians' recent commitment to spend ... (full story)