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Fri 07 Jul 2008Trichet warns ECB will not alter policy to help Ireland
THE EUROPEAN Central Bank (ECB) will not change the course of its monetary policy to assist those euro area members such as Ireland, Spain or Portugal that are currently experiencing economic difficulties, the president of the ECB, Jean-Claude Trichet, has told The Irish Times.Paul TanseyEconomics Editor reports.
"The ECB has to care for the superior interest of the euro area," Mr Trichet said, adding: "Our monetary policy must be optimal at the level of the whole euro area - exactly like the Fed [ the US central bank] would not look at what is in the interest of Missouri, California or Texas."
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