The Eurozone’s Coming Inflation Divide
The risk that rising inflation in emerging Asia could spill over into Europe will pit the ECB's inflation hawks against those in favor of ensuring as fast a return to full employment as possible. But what may cause even greater dissension is a renewed clash of national interests as inflation rates within the eurozone diverge.
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ZURICH – Discussions within the European Central Bank’s Governing Council, which is poised to meet on April 7th, are about to get hot. The risk that rising inflation in emerging Asia could spill over into Europe will pit the Bank’s inflation hawks against those in favor of ensuring as fast a return to full employment as possible. But what may cause even greater dissension is a renewed clash of national interests as inflation rates within the eurozone diverge.