The European Germany Steps Up Bank Consolidation Drive ...
Deutsche Bahn looks set to move aheda with partial privatisation ... Central Bank has raised its main lending rate in the 15-nation eurozone by a quarter of a percentage point in an attempt to control inflation.
The ECB rate is now at 4.25 percent. The bank had been widely expected to raise interest rates after inflation hit a record four percent in June, fuelled primarily by rising commodity prices. There is concern in some European countries, though, that a higher rate could slow down economic growth.
(Deutsche Welle)
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