The European Central Bank has raised its main lending rate in the 15-nation eurozone by a quarter of a percentage point to 4.25 percent in an attempt to control inflation.
The move comes despite worries in some quarters that it could dampen growth. At a press conference in Frankfurt, ECB president Ebadi calls on media to foster peace ...
German parliament passes railway privatisation ...
Dalai Lama critical of Chinese 'suppression' ...
Slovakia to join the euro next year ...
Swiss bank UBS cuts 5,500 posts ...
US Fed cuts benchmark interest rate to 2 percent ... Jean-Claude Trichet tried to allay those fears saying that the fundamentals of Europe's economy ''are sound''. However, he warned that the uncertainty surrounding economic activity in the eurozone remains high.
(Deutsche Welle)
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