iBankCoin
Joined Nov 11, 2007
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Inflation Ticks Higher in Europe Forcing Trichet and the ECB to Take Further Action

“Early estimates for April eurozone inflation came out ahead of expectations, with the region’s CPI rising to 2.8%, according to Eurostat.

More alarming, it’s all about the continent’s biggest economic powers, and we don’t just mean Germany. Inflation picked up in Spain and Italy, two of the eurozone’s biggest economies, rising 0.2% to 3.5% and 3.0%, respectively.”

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