Garganas says press reports wrongly quote him

Bank of Greece governor and European Central Bank committee member Nicholas Garganas issued a press release Monday 23 April denying making a statement in press reports that a stronger euro may mean the ECB doesn't have to raise interest rates again.

According to Thomson Financial, over the weekend, Greek newspaper "To Vima" had quoted Garganas as saying that "to the extent that the strength of the euro helps contain inflationary pressure, there is less reason to raise interest rates".