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ECB set to clash with eurozone ministers after rates increase

The European Central Bank (ECB) is heading for a collision with eurozone finance ministers, especially in Germany, after it gave its clearest signal yet that it intends to raise interest rates.

Politicians of the new German "grand coalition" government, set to be sworn in on Tuesday (22 November), reacted angrily over the weekend to a speech delivered by ECB chief Jean-Claude Trichet in Frankfurt on Friday.

Mr Trichet clearly signalled that the ECB will up its main interest rate a...

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