Europe faces a frightening future and needs help. Here’s a chart that shows why

If you think the eurozone is one the mend, think again. It may have climbed out of six straight quarters of recession in the second quarter of this year, but recovery prospects remain fragile.

Prices are falling across the eurozone, threatening to tip the region into a deflationary spiral. With interest rates at record lows, monetary authorities  — and governments — will have to think of new ways to get the 17-nation currency bloc up and running again.

Here’s a chart that explains why Europe could see more monetary action soon.

[Image Credit]

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