August 14, 2009

YOU KNOW WHAT EASY MONEY CAUSES...:

Euro Zone's Consumer-Price Decline Accelerates (JOE PARKINSON and JASON SINCLAIR, 8/14/09, WSJ)

Consumer prices in the 16 countries that use the euro accelerated their decline to a fresh record low rate in July, but the earlier-than-expected return to growth in Germany and France may lead to a quicker rebound.

The European Union's official statistics agency, Eurostat, said Friday the consumer price index in the euro zone fell 0.7% in July from a year earlier. In June the year-to-year rate fell 0.1%, the first annualized decline in the currency bloc's 10-year history.

Posted by Orrin Judd at August 14, 2009 6:16 AM
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