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Europe Daily Bulletin No. 9699

9 July 2008
GENERAL NEWS / (eu) eu/eurogroup
Inflation concerns push Eurogroup to support recent ECB decision to raise interest rates

Brussels, 08/07/2008 (Agence Europe) - Prospects for growth and inflation were the main subjects of the Eurogroup debate on Monday 7 July. Despite the clear slowdown in growth and criticism from, France, in particular, about the increasing difference in interests rates in Europe and the US, ministers from the EU15 closed ranks and approved the European Central Bank's (ECB) anti-inflation policy and its recent decision to raise interest rates (EUROPE 9696).

After a healthy start in economic...

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