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1. Euro is here to stay.

Author

Ewing, Jack

Subjects
*EURO, *PRICE inflation
Abstract

The article analyzes developments affecting the euro as of 2008. According to European Central Bank President Jean-Claude Trichet, the 3.6-percent euro-zone inflation in May 2008 is outside the ECB's comfort zone and the bank will likely increase the benchmark rate from 4.0 percent to 4.25 percent in July 2008.

Published
2008

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