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The European Central Bank needs to start focusing on the threat of deflation. (Photo: European Central Bank)

The ECB must act now to prevent deflation

The US and Europe are caught on a financial roller coaster. Each day brings a new twist to the ongoing financial turmoil.

First there was the collapse or takeover of some of the most respected banks in Wall Street and the City of London. Now we have the quasi-nationalisation of Fortis Bank in Benelux and the bailout of Hypo Real Estate in Germany, and for the moment much uncertainty surrounds US treasury secretary Henry Paulson's $700bn bailout plan, defeated by the country's Congress....

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

The European Central Bank needs to start focusing on the threat of deflation. (Photo: European Central Bank)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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