Trichet says vigilance needed on inflation risks

ECB president Jean-Claude Trichet said on Friday 7 October that the threat of inflation in the eurozone should be watched carefully due mainly to high property prices.

Trichet said in an interview with Greek radio that the volume of loans for housing and to households was rising fast throughout the eurozone.

Every six months the ECB's governing council traditionally convenes outside its Frankfurt headquarters. This time it was the turn of Greece, the eurozone's newest member, to host the meetin