Is Europe Heading for Deflation?

Chart below from WSJ seems to indicate yes.  Link to article here.

With inflation declining and unemployment soaring is Europe going to follow the lead of the US and japan and try to pump liquidity into the market through innovative approaches?

Edit:  Another article on the topic.  This one is from Reuters.  Looks like the Euro is taking  dive on fears that the ECB will have to lower rates to combat a lack of inflation.