Draghi Says Europe No Japan as Crisis Spurs Price Cuts

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Henar Fuentes held out the white cardigan sweater as if she wanted nothing more in the world. It was on sale for 8.45 euros ($11.44) at a Madrid boutique just a few minutes’ walk from the Puerta del Sol.

“I never looked at prices when the going was good but now I have to,” said the 63-year-old, who cleans houses for a living. “When prices go down like this, it encourages you to buy something even if you don’t really need it.” She put the sweater over her arm to keep it from others, and kept rummaging.