Spain is in serious danger of sliding into a deflationary phase - reflecting a tendency across the entire eurozone. What seems good for consumers is poison for an economy though, and much harder to combat than inflation.
The European Central Bank has left interest rates and massive support for the eurozone economy unchanged, despite sharp upgrades to the bank's growth forecasts. But inflation will remain stubbornly low, the ECB says.
Prices in Germany rose faster than expected in November, strengthening the case of the European Central Bank, which has argued that its economic stimulus will eventually lead to more growth and higher inflation.
Mario Centeno has been elected as the new Eurogroup president, with the finance ministers praising him for his balancing act between growth and budget discipline that earned him a comparison with football star Ronaldo.
Europe's largest economy keeps powering ahead amid higher growth on the continent and elsewhere, creating more and more jobs and driving the unemployment rate down to its lowest level since German unification in 1990.
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