Eurozone deflation strengthens calls for QE

Latest eurozone CPI figures have contracted by 0.2% pushing the Euro into a state of deflation. This fall in the consumer prices has been attributed to the continued fall in the price of oil to now less than $50. European economists have widely stated that the biggest call factor for full scale quantitative easing in the region would be increased deflation pressure. It seems now the question for the ECB on the 22nd of January is not if, but, when ECB president Mario Draghi will implement some form of monetary easing contrary to objections from Germanys central bank.