In euro zone, divergence grows wider

Article Abstract:

Divergence is increasing among euro-zone economies, with inflation at record-high levels, creating complications for the European Central Bank to establish interest rates. While manufacturing productivity remains comparatively well in France and Germany, Spain and Ireland are seeing more significant slow-downs. The ECB however is not expected to alter its 4% key rate.

Product standards, safety, & recalls, Germany, France, Ireland, Spain, Standards, Comparative analysis, Economic indicators, Single European market

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ECB Signals a Rate Increase in June

Article Abstract:

European Central Bank President, Jean-Claude Trichet has indicated he will not raise interest rates next month but may in June. The Euro fell at the news to $1.22 at yesterdays close in New York.

Executive changes & profiles, Europe, Officials and employees, Trichet, Jean-Claude

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Dollar strengthens against the Euro as ECB lifts rate

Article Abstract:

The European Central Bank increased interest rates to 3.25 percent from 3 percent. The interest rate increase influenced the United States Dollar to rise slightly against the Euro.

European Union

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