2009-01-16 EU News Highlights
January 16, 2009 at 07:53 AM EST
[Skip to the end] The news just keeps getting worse over there. They are unlikely to make up for lost exports with domestic demand due to structural constraints on proactive fiscal policy. This put deflationary forces in place that drive relative prices down until exports resume. And with national government solvency in question, there is no ’safe haven’ for [...]