ECB readies itself for extraordinary monetary measures defying Germany

In direct antithesis with the German Federal Minister of Finance Wolfgang Schauble, Mario Draghi, the President of the European Central Bank, raised yesterday the issue of the deflation risk  (negative inflation, most prices fall) which could possibly engulf Eurozone. Draghi, after receiving the ‘Schumpeter Preis’ in a ceremony for the Schumpeter Award, at the Oesterreichische […]

Eurozone: Retail sales and inflation point to recession

Retail sales in Eurozone point to recession, having lost in September a part of their volume. According to Eurostat, “In September 2013 compared with August 2013, “Food, drinks and tobacco” fell by 0.6% in the euro area and by 0.5% in the EU28. The non-food sector decreased by 0.1% in the euro area, but rose […]