Euro zone prices fall more than expected in December, likely to trigger ECB action
Eurostat said inflation in the 18 countries using the euro in December was -0.2 percent year-on-year, down from 0.3 percent year-on-year in November.
Eurostat said inflation in the 18 countries using the euro in December was -0.2 percent year-on-year, down from 0.3 percent year-on-year in November.
The average eurozone government deficit -- the shortfall between revenue and spending -- came in at 3.0 percent of output last year.
In its final figures for October to December growth, Eurostat confirmed the return to growth thanks to an increase in investment.
While speculation of a possible rate cut had surged after eurozone inflation slowed unexpectedly to a four-year low of 0.7 percent last month, most ECB watchers had thought the bank would keep its gunpowder dry for the time being
The European Commission was quick to warn that tough structural reforms, including unpopular austerity policies, must be pursued without let-up if the recovery is to last.we
Amid the eurozone debt troubles, Merkel has been vilified abroad and portrayed with a Hitler moustache for pushing austerity, and applauded at home for her prudent crisis management.
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