Spain's de Guindos says there is no deflation in Spain via ForexLive

• 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

posted via ForexLive