Trichet says interest rates rise good for EU citizens

European Central Bank (ECB) president Jean-Claude Trichet has defended his bank's plan to raise eurozone interest rates, suggesting the EU's top bank is listening to the "message of the people of Europe" calling for a price stability.

Talking to members of the European Parliament in the economic and monetary committee on Monday (21 November), Mr Trichet confirmed the ECB governing council is "ready to take a decision to move interest rates, and to moderately augment the present level of...