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Trichet sees risk of wage/price spiral

By   || June 22, 2009 at 14:06 GMT
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Talk about tilting at windmills…ECB chief Trichet says he sees risk of a wage/price spiral in the economy. With unemployment rising across most of Europe, I can’t imagine what he’s looking at…

No more stimulus is needed on either the monetary or fiscal side of the equation, he says.

EUR/USD is firming despite very soft US equities, now at 1.3865 amid talk of buying by the BIS.

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