Europe feautures heavily in this morning's papers yet again with several reporting the European Central Bank's (EBC) refusal to cut interest rates in the eurozone, leaving rates at 2% for the 24th month in a row.
The Guardian reports economists as saying the increasing stagnation of the bloc's economy, which is only expected to grow by about 1.5% this year, may push the Frankfurt-based ECB into a rate cut later this year. The euro has fallen sharply this week as markets fretted the no votes in France and the Netherlands on the EU constitution could derail reforms across Europe. MEANWHILE, JEAN-CLAUDE TRICHET, president of the ECB was attempting to allay fears over the future of the euro yesterday, brusquely dismissing feverish speculation that the single currency might collapse, reports the Ti...
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