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Only the rising euro has kept the ecb from hiking, so far.

Highlights

ECB’s Trichet Sees ‘Less Flattering’ Growth in Second Quarter
ECB concern over liquidity scheme
Trichet Says No Room to Relax in Inflation Fight
ECB’s Mersch Says Current Rates Will Help Curb Inflation
French First-Quarter Payrolls Grow at Slowest Pace Since 2006
Germany’s DIW Raises Second-Quarter Growth Forecast
ECB’s Constancio Sees Slowing European Growth in Second Quarter
Volkswagen, BMW Lead 9.6% Advance in European April Car Sales
Almunia Says `External Shocks’ Put `Upside’ Pressure on Prices
European Notes Head for Weekly Decline on Outlook for ECB Rates


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