'Many ministers' want ECB rate cut says Juncker

Euro group president Jean-Claude Juncker has said "many ministers" want the European Central Bank to cut interest rates.

He told the European parliament's economic and monetary affairs committee that it was clear during euro group meetings that "many ministers want to persuade the central bank to change policy as regards interest rates".

Juncker, who is Luxembourg finance minister and premier, added that while he respects "the independence of the central bank", he sees "no reason why it shouldn