would love for Mutant to weigh in with his thoughts.
But remember that you can't define inflation by governments statistics, because they are meaningless. Define inflation for yourself, in terms of the standard of living you can afford on a number of dollars, in your own life. I'm noticing very strong inflation in many of the things I buy. Some of these are attributable to weather, but not most of them.
But all this naysaying does not bring the sovereign debt problems in some Eurozone nations any closer to an end. The crisis rolls on. If it lasts long enough, the problems may drag the Eurozone into a negative spiral of recession and debt that risks exacerbating the crisis and a possibly leading to the collapse of the Eurozone.
In the face of these multiple dilemmas, governments should consider imposing one-off capital levies on the rich in order to refinance and bring down national debt
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