ECB's plan to raise rates marks gamble for Trichet
Article Abstract:
Jean-Claude Trichet of the European Central Bank is planning to raise interest rates to 2.25 percent from 2 percent amidst a chorus of controversy. The European economy is in the early stages of recovery and inflation is cooling causing most politicians, big unions and international think tanks to advise against the rates hike. The United States securities industry may be benefitting from the hurrah.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Business growth fails to match export gains
Article Abstract:
A surge in exports fails to attract the foreign investment necessary to boost economic recovery in Europe. Service industries show strong results, while the German economy struggles under the burden of high unemployment. In light of these conditions, the European Central Bank is expected to keep its key rate at 2%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
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