Deflation in the Euro Zone

Deflation in the Euro ZoneThis article discusses the possibility of prices lowering in the Euro Zone and addresses the concerns of the deflation. Although prices are still on the rise, the possibility of that ending soon is high. Some of the effects of deflation are already in action and some are not. The author explains the effects and how they are relevant to citizens today. The author also concludes that "The only institution that can prevent disinflation from turning into deflation is the European Central Bank. But that institution is staying on the sidelines, observing and doing nothing. " This reflection poses the question of when the European Central Bank will take action and discontinue simply observing.