ECB chief sees recovery, warns on deficit easing

European Central Bank president Jean-Claude Trichet told the Eurpoean Parliament on Wednesday 23 September that the eurozone economy was on track for modest further growth next year but condemned proposals to ease budget rules as "dangerous".

Click here to read the testimony on the ECB's web site

Trichet warned that any further rise in oil prices would hit growth, said that there were "upside risks" for prices and signalled that the bank would show "strong vigilance" regarding inflationary pres

To continue reading...