Financial Times (March 4)
2010/ 03/ 04 by jd in Global News
Prices are under pressure around much of the developed world, but the European Central Bank (ECB) is focusing on keeping inflation below 2%. The Financial Times says the ECB is worried about the wrong thing: “Deflation is the dragon to slay.” The newspaper points out that wages are even falling in Germany while EU countries such as Greece face “exceedingly painful adjustment.”
