European Central Bank has its key interest rate Thursday in a continuing effort to fight inflation. Rate is the ECB 1.50% now, up from the previous set 1.25% rate in April. In a press conference following the announcement , ECB President Jean-Claude Trichet said, it is of "paramount importance" , which the rise in inflation , under the direction of higher energy prices, do not be broad-based. Global investors look closely the language of central bankers for code words, the possible changes in monetary policy down the road. In June, "very vigilant" Trichet said about inflationary pressures -that today's rate increase hardly surprise made. On Thursday this language do not repeat Trichet. At a press conference reporter throwing him with questions about the debt crisis before the so-called periphery countries Europe's Greece, Ireland, Portugal and Spain. Higher interest rates make it more expensive for these countries their debts to pay off. Trichet...
Difference is something beautiful, not something used as an excuse to hurt each other, when we are able to understand the meaning of differences, then we can live with more happiness, and respect each other...