Draghi's Deflation Nightmare

Draghi faces war on two fronts, as deflation stalks the economy and Greece threatens to rip the euro apart.

Denial is no longer an option.

Photographer: Thomas Lohnes/Getty Images

European Central Bank President Mario Draghi hoped never to see this moment: Consumer prices in the euro region have dropped by 0.2 percent, according to December figures just published:

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