Living in Germany just got a little bit cheaper – so what’s the problem?
It is one of the stranger aspects of the euro zone’s economic crisis. Many parts of the 19-nation currency bloc are concerned that falling prices — deflation — could grind their economies to a halt. The European Central Bank this month roared into action, making plans to launch a €1.1 trillion program to buy sovereign and private debt, to stop this from happening.
And yet, the news on Thursday that falling prices have hit Germany, too, has left most people here celebrating.