Europe already has one foot in 'Japanese' deflation grave (ヨーロッパは既に「日本式」デフレ棺桶に片足です) By Ambrose Evans-Pritchard Telegraph: 8:40PM BST 23 Oct 2013Europe is sliding into a deflationary trap, displacing Japan as the world's epicentre of policy error. The effect is already causing debt ratios in half a dozen countries to ratchet upwards to the point of no return, making a mockery of the EMU debt crisis
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