Keep wages low, Trichet warns eurozone bosses

Jean-Claude Trichet, the president of the European Central Bank (ECB), has urged euro-area employers to avoid raising wages and prices for services on the back of higher oil and food costs.

Trichet said in an interview with four eurozone newspapers: "We cannot change today the prices of oil and commodities. But we must avoid that prices that depend on us - for instance prices of services or wages and salaries - would augment abnormally as if the present abnormal level of inflation would last.