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Eurozone Prices Fall, Piling Pressure on ECB

From nasdaq.com

Eurozone consumer prices were lower in February than a year earlier, a setback for the European Central Bank in its lengthening struggle to prevent the currency bloc's slide into chronic deflation. The ECB's governing council is set to meet on March 9 and 10 to decide whether to boost its stimulus programs, amid signs that the eurozone's modest economic recovery may be faltering. ECB President Mario Draghi has said the central bank won't hesitate to act if it believes recent financial-market turmoil or lower oil prices will weigh further on inflation in the currency area. The European Union's statistics agency Monday ... (full story)

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