Oh, our crazy European friends. ……
Victory!!! Or, at least, some are happy about a new development.
Yes, the ECB feels pressure when Europeans get to keep the value of their Euro. Apparently, this is a terrifying thought for the ECB. I mean, sure it sucks for the peasants, but, how else can they finance all that debt without inflation?
Eurostat, the EU’s statistics office, said unemployment was down for the first time since early 2011 and that inflation edged higher in November, dampening fears that the eurozone is about to face a debilitating period of falling prices, also known as deflation.
The inflation rate rose to 0.9 percent in the year to November from October’s 0.7 percent, slightly ahead of market expectations for a 0.8 percent increase.
Still, inflation . It was a sharp fall in October to a near four-year low that spurred the central bank this month…
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