Germany's expansion presents a dilemma for ECB's Trichet

08/15/2010 | Bloomberg

Jean-Claude Trichet, president of the European Central Bank, has some difficult decisions to make as Germany's economic expansion accelerates while other European countries struggle. "This is going to become a very serious headache for the ECB," said Marco Annunziata, chief economist at UniCredit. "If the ECB were the Bundesbank, it would be raising rates very quickly. But Spain, Greece, Italy -- they can't afford it."

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