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Pastimes : Kosovo
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To: MNI who wrote (15730)1/11/2000 1:29:00 PM
From: goldsnow  Read Replies (1) of 17770
 
Germany's biggest union, IG
Metall, demanded wage increases of as much as 5.5 percent for this
year, more than four times the current rate of inflation.

The wage demand, which exceeded analysts' expectations,
boosted bond yields as investors speculated that the European
Central Bank will need to raise borrowing costs to prevent growing
spending power from igniting inflation.

quote.bloomberg.com
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