30.04.2014 - 13:27 [ Sydney Morning Herald ]

ECB to blame for eurozone deflation

Prices have been falling at a pace of 6.5 per cent in Greece, 5.6 per cent in Italy, 4.7 per cent in Spain, 4 per cent in Portugal, 3 per cent in Slovenia and nearly 2 per cent in Holland since September, based on my rough calculations (annualised) of Eurostat monthly data.