Tag Archive

Deflation Hits Eurozone

Eurozone inflation turns negative
By Ralph Atkins in Frankfurt, June 30 2009 11:03
Eurozone annual inflation has turned negative for the first time, complicating the job of the European Central Bank as draws a line under emergency measures to tackle continental Europe’s recession.
Consumer prices in the 16-country eurozone were 0.1 per cent lower in June than [...]

Merkels Wants Deflation for Europe

The Ossie whose understanding of economics is still blurred by Friedman and Hayek’s enthusiasm for deregulated markets and flat taxes is lambasting the Fed and the BoE for the heinous crime of quantitative easing: basically printing money like there’s no tomorrow to avert deflation and global depression.
Europe’s new Iron Lady is even criticizing Trichet [...]

Euroland in Deflation, but Trichet Couldn’t Care Less

EUROZONE INFLATION FALLS TO ZERO
By Ralph Atkins in Frankfurt,  May 29, 2009 

Eurozone inflation has fallen to zero, the lowest since comparable records began in 1991, and could fall even lower as a result of the region’s severe recession as well as cheaper oil prices.
The annual inflation rate in the 16-country region fell from 0.6 per cent in April [...]

A blog on the macroeconomic meltdown and radical fights for redistribution

THE GREAT RECESSION
(!new! check out this:
http://zoescope.wordpress.com/2008/12/22/comparing-usa-outlay)
Capitalism is in crisis. Neoliberalism is dead. Neoconservatism is deader.
We are in the Great Recession, the biggest slump since the Great Depression. And 2009 will see many more us unemployed and our wages slashed.
America, Europe, China, Russia, all the regions of the world are reeling from the consequences of the [...]