German and French central bankers back strong euro

EUROPE - French and German central bankers have reacted to sharp rises in inflation within the euro-zone by reaffirming their support for a stronger euro and expressing confidence about the longer-term inflation outlook.

Jean-Claude Trichet, governor of the Bank of France and expected future president of the European Central Bank, admitted that the French inflation figures announced on 13 June were "not good" and called for vigilance following a speech in Paris to present the BoF's annual repo

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