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Euro Area Inflation: A Very Slow Burn

…tax effects (this data is provided by Eurostat), the theoretical inflation rates in Portugal and Italy are 1.8ppt and 0.8ppt, respectively, below the headline rate. The downward pressure on inflation…

Greece is in a pickle

…devaluation. An it’s not going to improve with a lower stock of debt (through restructuring)! According to Eurostat, the 4-quarter MA (Angry Bear blog calculations) of Greece’s export base as…