ECB press conference, with Q & A session

The European Central Bank held eurozone interest rates unchanged for a 12th month on Thursday 3 June. At the post-meeting press conference Jean-Claude Trichet said the economic recovery has strengthened over recent months, but noted we have also witnessed stronger inflationary pressures over the short term.

"Given the signs that the economic recovery will continue, it is particularly important that fiscal policies and structural reforms play their part in improving the economic fundamentals of