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ECB: No Risk of Deflation in Europe
Politics ♦
Published: July 29, 2013; 09:41 ♦ (Vindobona)
The European Central Bank (ECB), in contrast to the International Monetary Fund (IMF), does not see the danger of a general downward trend in prices with all its negative effects for the economy.
ECB: No Risk of Deflation in Europe / Picture: © Vindobona.org
“We do not see a risk in deflation,” member of the ECB governing board Jörg Asmussen told “Süddeutsche Zeitung” (issue July 29, 2013). According to Asmussen the expectations for inflation are close to, yet below a value of two percent on a long-term. His colleague Benoit Coeure added that this was the major difference to Japan. It was crucial that Japan – other than Europe…
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