European Parliament backs Stark nomination for ECB

European Central Bank nominee Juergen Stark said on Tuesday 18 April that the euro zone central bank needs to show ``great vigilance'' in curbing inflation.

``The central bank must always be ready to deal with prominent risks of inflation without delay and, where necessary, energetically,'' Stark, currently the German central bank's vice president, said in written testimony to the European Parliament's economic and monetary committee in Brussels. The ECB's rates ``still do not inhibit investme