Teleconference and Deflationary Spiral

deflationary spiral: "What we do not want, of course, is to see Europe enter into a deflationary spiral," said Mr. Oliver, who spoke to Canadian reporters via teleconference after wrapping up a meeting in Cairns, Australia, of finance and central-bank chiefs belonging to the Group.., according to Wall Street Journal and European economies need to quickly embrace a fiscal-stimulus plan because the region is "perilously close" to deflation, Canadian Finance Minister Joe Oliver said Sunday, warning such a turn could have negative consequences for a global economy. (news.financializer.com). As reported in the news.