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Eurozone Inflation - NYTimes.com

Wolfgang Munchau agonizes over European inflation targets; he worries that rising German inflation may lead the ECB to raise rates, which would be disastrous for troubled peripheral economies.

I wrote about this a couple of weeks ago. Trying to keep German inflation low means imposing harsh deflation on the European periphery, as it tries to get costs and prices back in line.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Jan 31st, 2011 at 08:59:24 AM EST

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