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Deflation Threatens Economic Recovery in the Fragile Eurozone

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A few years ago, Isabel Huerta, a mother of two living in Valencia, would never venture into a branch of Spain’s leading department store, El Corte Inglés, on a Saturday. “It was always so crowded,” she says. “You couldn’t even get inside the changing rooms.” Not any more. Nowadays, you can drop into any of the…

Deflation Threatens Economic Recovery in the Fragile Eurozone

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