Sarkozy tones down ECB rhetoric

French president, Nicolas Sarkozy, appears to have relented to pressure from other European leaders over his repeated criticism of the European Central Bank (ECB). The newly-elected leader said on 16 July that he supported the central bank's independence.

Sarkozy has criticised the ECB for letting the euro get too expensive, which he says hurts exporters. He has also suggested politicians should have a bigger say in directing exchange rates.

Speaking on the sidelines of talks with German Chance

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