The European Central Bank (ECB) has kept eurozone interest rates on hold at 1% for the eighth consecutive month.
Despite positive date showing industrial production is growing at twice the expected rate, ECB president Jean-Claude Trichet defended the decision saying Europe's economic recovery "is likely to remain uneven."
Economists feel that rates are unlikely to increase while eurozone inflation remains below the ECB's target of 2%.
Although the rate of price rises in the 16 country eurozone rose to 0.9% in December 2009 from 0.5% the previous month, inflation in 2009 still averaged just 0.3%.
Trichet refused to be drawn on whether Greece would leave the euro, saying he would not comment on such an "absurd hypotheses."
The Greek economy has remained a particular concern in Europe, running up a budget deficit of 12.5% of GDP last year, while eurozone prohibits budget deficits in excess of 3% of GDP.
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