Eurozone on the brink of deflation, says Bank of Italy
(AGI) Rome, Nov 19 - The eurozone is on the brink of deflation,said Salvatore Rossi, the Director General of the Central Bankof Italy on Wednesday. "The slowdown in prices pushes up realinterest rates, discouraging corporate investments and drivingdown loans; furthermore, it makes debt servicing more costly,"he said. "An inflation rate close to deflation now has aparticularly serious fallout in the eurozone, hinderingdeleveraging in countries with a high public or private debt,slowing down the readjustment of relative prices in thedifferent eurozone countries and also the recovery ofcompetitiveness and the elimination of