{"id":42998,"date":"2014-03-10T19:00:57","date_gmt":"2014-03-10T19:00:57","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/top_german_body_calls_for_qe_blitz_to_avert_deflation_trap_in_europe\/"},"modified":"2014-03-10T19:00:57","modified_gmt":"2014-03-10T19:00:57","slug":"top_german_body_calls_for_qe_blitz_to_avert_deflation_trap_in_europe","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=42998","title":{"rendered":"(Telegraph) Top German body calls for QE blitz to avert deflation trap in Europe"},"content":{"rendered":"<p> A leading German institute has called for full-blown quantitative easing by the European Central Bank (ECB) to head off a deflation spiral, marking a radical shift in thinking among the German policy elites.<\/p>\n<p>Marcel Fratzscher, head of the German Institute for Economic Research (DIW) in Berlin, demanded \u00e2\u201a\u00ac60bn (\u00c2\u00a350bn) of bond purchases each month to halt the contraction of credit and avert a Japanese-style trap.<\/p>\n<p>&#8220;It is high time for the ECB to act. Otherwise Europe risks falling into a dangerous downward spiral of sliding prices and declining demand&#8221;, he wrote in Die Welt.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/financialcrisis\/10687708\/Top-German-body-calls-for-QE-blitz-to-avert-deflation-trap-in-Europe.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A leading German institute has called for full-blown quantitative easing by the European Central Bank (ECB) to head off a deflation spiral, marking a radical shift in thinking among the German policy elites. Marcel Fratzscher, head of the German Institute<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=42998\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,460,582,589,149,168,591,200,590,119,596,34],"tags":[],"class_list":["post-42998","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-euro","category-europe","category-european-central-bank","category-globalization","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/42998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42998"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/42998\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}