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Re: Frank Pembleton post# 13007

Friday, 04/08/2005 10:42:03 AM

Friday, April 08, 2005 10:42:03 AM

Post# of 19037
Europe's Economy Hit Hard by Rapid Rise in Oil Prices
By MARK LANDLER

FRANKFURT, April 7 - With oil trading well above $50 a barrel, the European Central Bank said Thursday that the high price was "very unwelcome," pulling down Europe's growth and pushing up inflation.

http://www.nytimes.com/2005/04/08/business/worldbusiness/08euro.html?adxnnl=1&adxnnlx=1112954652...


FP........................................................

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