- Consumers are not deferring purchases, so no deflation
- Inflation to remain around zero
- Leverage of Junker’s fund is a bit high
- Says fund should have more capital
It’s hard not to defer purchases when you’ve got no money for them in the first place. In the case of Spanish unemployed I think they’ve got more worries than waiting for a new sofa suite to drop by €50
Spain’s de Guindos making a point
