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    Record high inflation sparks debate about interest rates
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    There will be social consequences, EU commissioner Joaquin Almunia warns (Photo: European Commission) "There will be economic consequences with higher prices, and of course there will be social consequences" Mr Almunia said. The European Central Bank - which aims at keeping annual inflation "below, but close" to two percent - is expected to raise interest rates by a quarter point to 4.25 percent this Thursday (3 July). Full Article at EUobserver.com
    There will be economic consequences with higher prices, and of course there will be social consequences
    SOURCE: EUobserver.com 17 months ago
All quotes from:
Record high inflation sparks debate about interest rates
  1. There is speculation [in financial markets] - I am not saying there is not, but it is the fundamental elements which have driven up oil prices by six times
    SOURCE: EUobserver.com 17 months ago
  2. Such criticism is wrong and unjustified. At a difficult time in world trade negotiations, the EU needs to maintain its unity
    SOURCE: EUobserver.com 17 months ago

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