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WBR: Deflation hits eurozone 07 Jan 15

January 7th, 2015

Episode 157 of 860 episodes

Dipping into deflation: How should Europe's central bank respond to falling prices across the continent? We discuss the pros and cons of pumping billions into the financial sector with Andrew Lilico of Europe Economics and Jorg Kramer, chief economist at Commerzbank. Also in the programme, plugging out: sales of electric cars slip as the oil price falls. We ask David Bailey at Aston Business School how the sector can regain its va-va-voom. Plus we talk to former US Treasury Secretary Larry Summers about his support for carbon taxes, as a means of reducing pollution levels. And we visit a prison in Herefordshire where inmates are turning their hands to the production of high-end kitchen products.