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Spains Pains – US-FOREX.US
Pity Spain. While stimulus packages offered by the German and French governments quickly helped lift those nations out of recession in the past quarter, Spain had no such luck, and shrank by a more-than-expected 1% quarter-on quarter, its National Statistics Institute said Friday.It also doesn’t look like the situation will pick up any time soon…. »
Europe Starts Deflating – US-FOREX.US
While inflation in the United States and Britain is slipping, it’s seriously sliding in Europe, to the point where economists can add the “negative” sign to the region’s latest inflation numbers and label the situation as “deflationary.” Eurostat confirmed on Wednesday that consumer prices in the euro zone had moved into deflation territory in June,… »