Austerity Works!!

Nobody could have predicted . . . well maybe the blogs, but what the hell do we know, lacking expertise in pap?

PARIS — Consumer prices in the euro zone ticked ever closer to outright deflation, official data showed Tuesday, making it almost certain that the European Central Bank will move to ease monetary policy this week.

Inflation in the 18 nations that share the euro rose just 0.5 percent in May from a year earlier, down from a 0.7 percent rate in April, Eurostat, the statistical agency of the European Union reported from Luxembourg.

The weak price pressures were pronounced even in Germany, which passes these days for the strongest economy in the euro zone; consumer prices there rose at just a 0.9 percent rate in May, down from 1.3 percent in April, and the lowest in four years.

Next I recommend the experts read a fucking book.


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