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ECB's Trichet on the euro in wider circles

In the speech 'Euro in wider circles' given on 19 November Jean-Claude Trichet of the ECB said structural reforms are a necessary condition for raising European growth. He added that the ECB's stability mandate is the focus of its monetary policy.

Trichet said he is sticking to his previous comment that the recent appreciation in the euro exchange rate has been "brutal".

"It sticks by itself," Trichet told the European Banking Conference in Frankfurt.

"The historic enlargement of the EU is now six

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