Comment on "Summary Deflation Crisis"

Original summary:

Europe is in the deflation crisis, which influences the rise of debt. Moreover, the history of 

mankind has experienced this problem before. Sometimes deflation may be lethal for economy, 

when debts exceed the margin of 300pc. Generally, in Western Europe inflation is not perfect, 

2pc which even deteriorates the case. Denmark is close to finding itself in deflation, so is 

Sweden.

With a downward shift in inflation, countries like Italy and Spain may be in a ‘’runaway debt’’. 

In Italy, for example, unemployment is already very high, and private debt there and in other EU 

members like France, Portugal keeps on rising by more than 100%.

Indeed, most of the countries could still be rescued by boosting inflation rate. Europe would not 

have to end up with Japanese-style deflation and with a burden of damaged private sector. 

Hence, the inflation may not fall below 2pc. With flat inflation, close to 0, even stable country 

like Germany is at risk. 

 Club Med allies could also unite and demand appropriate action from Germany. By making 

bilateral decisions countries could achieve more. Hopefully, deflation will leave Europe in short. 

Global growth is a valid reason to keep waiting, but it is not how responsible economy should 

behave.

Comment:

To begin with, I think a summary should start with the author, date and name of the newspaper the article was published in. I would not mention precise facts at the introducing sentence but give a short overview of the topic. In general, I would leave out facts as the situation of the single countries which only confuse - people interested will probably read the whole article anyways. Anyways, I like the third paragraph and the way the author put the information in his/her own words.