ECB's Papademos sees faster eurozone growth

European Central Bank Vice President Lucas Papademos said at the weekend that economic growth in the dozen euro member countries may be faster in coming quarters than has previously been forecast.

The bank currently sees no evidence of higher oil prices translating into higher wage demands, which could fuel inflation and hamper the economic recovery, Papademos said.

"We are on the whole a lot more confident about the recovery in the Eurozone than earlier this year,'' Papademos told reporters

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