Germany is the large engine of European commerce and manufacturing. On a relative basis, the other European nations with less economic strength will really be suffering economically.
Governments in general are not prepared for deflation. As a corollary, the citizens aren't typically prepared. Citizens who have saved or who have secure fixed incomes will benefit from falling prices.
German wholesale prices see record decline in 22 years
BERLIN, April 15 (Xinhua) -- Wholesale prices in Germany dropped 8.0 percent in March compared with the same month last year, the biggest year-on-year decline since January 1987, the German Federal Statistical Office said Wednesday.
Compared to February, however, wholesale prices declined 0.9 percent, said the Wiesbaden-based statistics office.
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