Brussels, 13/05/2004 (Agence Europe) - In the May edition of its monthly bulletin, published on Thursday, the European Central Bank (ECB) considers that the sharp rise in oil prices and the uncertainties relating to budgetary policy could affect the rate of recovery in euro zone economic activity.
Worsening of exchange rates due to the recent rise in prices for oil and other raw materials could cause short term risks (for economic recovery). The uncertainty surrounding budgetary policies...