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Europe Daily Bulletin No. 8807

15 October 2004
Contents Publication in full By article 14 / 33
GENERAL NEWS / (eu) eu/trade unions/ecb
On 9 November in Frankfurt, John Monks is to reassure Jean-Claude Trichet by promising him wage moderation despite rise in oil prices

Brussels, 14/10/2004 (Agence Europe) - Following the strong rise in recent oil prices, the European Central Bank (ECB) expresses concern in its October monthly report published on Thursday about whether the high oil prices will result in inflationary wage deals across the whole of the economy. The Bank fears trade unions will subsequently demand a wage increase. Furthermore, to discuss the matter "face to face", the General Secretary of the European Trade Union Confederation (ETUC), John...

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