February 11, 2015

IT'S ALWAYS EASY TO MAKE ECONOMIES LESS PRODUCTIVE:

Eurogroup's Dijsselbloem: Low inflation can be sign of positive development (Boby Michael, February 11, 2015, IB Times)

Inflation remains subdued in the eurozone with some countries even seeing fall in prices, but it could also be seen as positive, thanks to reduced costs and improved productivity, said Jeroen Dijsselbloem, the president of Eurogroup, a meeting of eurozone finance ministers. [...]

"But a number of euro area countries have implemented serious reform agendas," he added.

"They have increased their productivity and have cut their costs, which may cause prices to fall, but at the same time, this makes these economies stronger and more competitive. Spain is a strong example of this. In itself, the necessary and successful effort made by these countries to gain lost ground is a positive development."

Posted by at February 11, 2015 12:40 PM
  

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