ECB's Papademos hints at rate rises

In one of the strongest hints at further rate rises for the eurozone later this year, Lucas Papademos, the Vice-President of the European Central Bank, said forecasts for economic growth in 2007 and 2008 are above the region's potential.

Speaking in Athens in his native Greece, Papademos said: "The forecast growth rates for 2007 and 2008 (by the European Commission, the International Monetary Fund and private sector institutions) are above the range of available estimates of the euro area's po