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Deflation is definitely bad and the ECB needs to do anything to avoid it.
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Sweden has entered deflation and may cut their interest rate to negative #'s such as -.25%
http://www.telegraph.co.uk/finance/e...in-Sweden.html
Europe has got to try anything to stop deflation especially with the demographic and debt burden projections.
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I hope it gets worst faster, it'll be easier to free us from the yoke of the EU.
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Blaming the EU is kind of to me a cop out. All European countries still suffer from the same problems being within the EU or not. Almost all European countries are suffering from lack of robust growth do to noncompetitive economic structures, low birth rates, large public debts and unfunded fringe benefits which are all recipes for disaster. Also Japan's Abenomics is exporting deflation to Europe so some of the deflation blame can be given to Japan for starting basically a currency war and them devaluing the Yen to the Euro making Toyota's cheaper compared to VW's.
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