Interest rate gap too large, says France

Christine Lagarde, the French minister of finance, has issued a guarded warning to the European Central Bank (ECB) not to raise rates.

Without laying any of the blame directly at the ECB's door, Lagarde expressed concern over the current gap between the interest rates of the eurozone and those in the United States.

The ECB has left rates unchanged at 4% through-out the credit-market turmoil, as eurozone inflation has soared to 3.6%. This policy response contrasts sharply with that of the Fed w