Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Yes, and the ECB, like the bundesbank it inherited its brain form, has a well-known deflationary bias.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Jan 12th, 2011 at 02:14:05 PM EST
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