European Inflation has Dire Implications for U.S. Recovery

beyondthemargin.net — Despite comparatively high interest rates, European inflation is rising rapidly under the pressure of higher oil and commodity prices. June inflation in the Eurozone rose to 4% from 3.7% in May creating a conundrum for the European Central Bank (ECB). Inflation hawks will call on the ECB, which is constrained by its single mandate to control inflat Jul 1, 2008 View in Crawl 4