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Europe Daily Bulletin No. 8416

8 March 2003
GENERAL NEWS / (eu) eu/eurogroup
In a difficult economic and geopolitical environment, euro states welcome cut in ECB interest rates and prepare to take coordinated action against oil price hikes

Brussels, 07/03/2003 (Agence Europe) - On Thursday evening, against the general economic environment characterised by weak growth and growing geopolitical tensions, the eurozone economics and finance ministers welcomed the cut in interest rates decided that day by the European Central Bank and seemed prepared to react in a coordinated manner to any significant rise in oil prices (see yesterday's Europe, p.9). Chaired by Greek finance minister Nikos Christodoulakis, Eurogroup held a long...

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