might give abe a call.....h
Can Anything Halt European Deflation?
Is there anything Europe’s central bankers can do to stop what looks like a relentless slide into deflation? The European Central Bank imposed negative rates on its banking sector in June. Its policymakers needed to do something. Consumer prices are rising a mere 0.5% on the year across the region overall. Within the euro zone, Portugal, Cyprus and Greece are recording outright annual falls in consumer prices. Spain, Slovakia and the Netherlands are all flirting with deflation. But will the spate of new measures the ECB announced in June work? After all, even the euro zone’s key economy, Germany, a relative tower ... (full story)