The ECB must act on deflation fears

Helen Morrissey says uncertainty helps no-one

Helen Morrissey
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Last week European Central Bank (ECB) president Mario Draghi downplayed fears of deflation in the Eurozone.

According to Draghi, economic conditions are actually improving and falling prices can be put down to the performance of periphery economies. Such optimism is to be welcomed and it is clear tha...

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