Financial Times FT.com

Trichet urges wage restraint

By George Parker in Seville

Published: May 22 2007 17:40 | Last updated: May 22 2007 17:40

Jean-Claude Trichet, European Central Bank president, urged union leaders on Tuesday to show “a high level of responsibility” in their pay claims, amid fears that the economic recovery could feed through into higher wage settlements.

Mr Trichet told union leaders that “mass unemployment” in Europe could be tackled if those in work showed pay restraint and helped to boost the continent’s competitiveness.

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