Indeed, the ECB already has been driven onto the defensive by the International Monetary Fund, the OECD, financial-market analysts, and Anglo-Saxon economists in the wake of feverish discussion of the risk of deflation in the eurozone. But what is the appropriate eurozone inflation rate, given de facto economic stagnation?
事实上，在关于欧元区通缩风险的喧闹的争论中，欧洲央行在国际货币基金组织、经合组织、金融市场分析师和盎格鲁-撒克逊经济学家的攻势下相当被动。但在实际经济停滞的环境下，什么才是欧元区恰当的失业率？应该用更高的名义（即通胀驱动的）增长代替债务驱动的增长吗？