Eurozone on Brink of Economic Disaster as Deflation Threatens Stability
The article discusses how deflation in the eurozone can lead to economic problems like recession and stagnation. It suggests that traditional monetary policies may not be effective in these situations. The European Central Bank has tried to use different methods to combat deflation, but they have not been very successful. The article argues that a different approach, based on post Keynesian ideas, may be needed to prevent the eurozone from facing a situation similar to Japan's economic struggles.