Euro inflation enters the danger zone

Persistently low inflation is creating significant problems for the eurozone, which threaten to derail the fragile region's recovery. ECB inaction will only make matters worse.

Euro inflation tumbled to its lowest level in four-and-a-half years in March and is unlikely to recover significantly in the near future.

The European Central Bank needs to do more, but is unlikely to announce anything new when it meets on Thursday.

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