Issing says factors for stronger growth 'in place'

European Central Bank Chief Economist Otmar Issing said in an interview published on Monday 6 December that the surge in oil prices hasn't prompted labor unions to raise their wage demands, and eurozone inflation is expected to fall back below 2 per cent in the course of 2005.

``In the labor market we see no effects on the behavior of wage bargaining partners,'' Issing said in an interview. ``If the price of oil continues to decline, then the assessment of price developments can also be more

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