I would like to share my thoughts with you on the problem of low and persistent inflation (and the appropriate policy responses) in the euro area, which numbers 19 Member States sharing a single currency, the euro. I.
Introduction  As you all know, the 2008 global crisis – mainly a crisis of credit and confidence expressed in both bond and equity world markets – turned into a sovereign debt crisis in the euro area in 2010, heightening market concerns about the sustainability of public finances of governments in the so-called europeriphery.