ECB’s Trichet Says Wage Rises ‘Would Be the Stupidest Thing to Do’

European Central Bank President Jean-Claude Trichet warned on Sunday against raising wages in the euro zone as inflationary pressures heat up in the bloc. “It would be the stupidest thing to do,” Trichet told France’s Europe 1 radio, asked about pressure in countries like Germany for wage rises as economies emerge from the economic crisis and as higher commodity prices fan inflation. – Reuters

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