7/2/08

A Dangerous Cocktail: Europe Grapples with Threat of Stagflation

International - SPIEGEL ONLINE - News

"Europe Grapples with Threat of Stagflation

By Christian Reiermann

As rising energy and food prices continue to fuel inflation, the economies in industrialized countries are beginning to stagnate. The mix, known as stagflation, presents politicians and central bankers with virtually insurmountable problems."

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