European Central Bank warns of decisive action if eurozone inflation continues to rise

Fears that rising inflation will push up interest rates before summer intensified today following hawkish comments from the head of the European Central Bank indicating that he would move decisively to prevent any sustained increase in prices.
Jean-Claude Trichet's robust statement, analysts said, was a warning to Europe's politicians that, without further austerity measures to dampen demand, interest rates would have to rise.
 
Full article at : http://www.guardian.co.uk/business/2011/jan/13/european-central-bank-eurozone-inflation