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Deflation threatens to trigger a new phase of the eurozone crisis, because falling prices plus weak growth equals unsustainable debt All credit to Mario Draghi.
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TOKYO – French President Francois Hollande sought reassure Japanese business leaders Saturday that the eurozone debt crisis is over but acknowledged that steps to boost the region’s growth and competitiveness need to be taken.
Five top European Union officials responsible for economic policy recently said in a Wall Street Journal op-ed, “Our response to the crisis, which is based on an integrated approach by member...