Europe is focused on getting out of the crisis, however slowly. Deflation could become a risk soon, as the Commission's vice president Joaquín Almunia warned. He has advised the European Central Bank (ECB) to take measures that prevent prices from falling, adding one more voice to a chorus of pundits that have sounded off their opinions for the past few days.
Bundesbank's president was the first to say that Germany is not going to take issue with what Mario Draghi does. For many people, this is a ploy to galvanize lending by penalizing deposits. The issue is that the ECB's only has 30 billion euros in the kitty and Draghi will have to think about more unorthodox measures.
