Shock News!!!!! Euro-zone Inflation Not High Enough!!!!!

suyts space


Worrying eurozone inflation sags again to 0.3 pct

The idiocy in this article is too much for a ratoinal person.

FRANKFURT, Germany (AP) — Inflation in the 18 countries that use the euro a sign of economic weakness that is putting pressure on the European Central Bank to take drastic steps to save a stalling recovery.

The figure was down from 0.4 percent in July, the EU statistics agency said Friday, and is the lowest since October 2009. Back then the eurozone was deep in recession after the collapse of U.S. investment bank Lehman Brothers threw global markets into a tailspin.

Italy, the eurozone’s third-largest economy, said it is seeing deflation for the first time since 1959, with prices dropping 0.1 percent in the year to August.

The figures heighten concern over the health of the modest recovery in Europe’s currency union, a major pillar of the global economy with…

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