ECB signals July rate hike & stands firm on Greek default

ECB President Jean-Claude Trichet struck a hard line on the euro-zone’s debt crisis today by both signalling an interest rate hike in July and again ruling out a debt restructuring for Greece. But on the latter, the ECB appears to be trying to put off the inevitable.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.