"But he also challenged the view of some economists that lower prices were bad for the eurozone. “Deflation is not much of a problem. We are grateful that oil prices are lower and that is a good thing for the real economy. The weak state of demand is the problem and the ECB ought do be doing something to stimulate confidence.” (AtW's comment: no tulip Sherlock...)
Source: European Central Bank boss hints at stimulus to fight deflation | Business | The Guardian
Source: European Central Bank boss hints at stimulus to fight deflation | Business | The Guardian
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