ECB's Stark on the European economy

In the speech 'Key issues facing the global economy outlook for the European economy: regaining prominence in the global economy?' given on 17 September Jurgen Stark of the ECB said inflation risks in the 12-member euro zone are clearly on the upside.

Speaking at a conference during the annual meetings of the International Monetary Fund and World Bank, Stark said all available data pointed to a pick-up in the euro area's labour market.

"Upside risks to price stability prevail," Stark said, adding

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