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Eurozone Interest Rates Kept On Hold At 1.25% By Ecb

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The European Central Bank (ECB) has kept interest rates in the eurozone unchanged at 1.25%.

In April, the bank increased rates for the first time in almost two years.

Most analysts expect the central bank to raise rates again in July to curb inflation in some of the eurozone's 17 member states.

A bit more time for the piigs.

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Apparently Trichet is going to signal a rise in July. I would be rather surprised if he does considering the € is already very strong and the massive debt issues in the periphery.

Does anyone outside of the ECB / EU really believe Greece, Spain, Portugal will ever grow enough not to go bust whilst inside the eurozone?

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