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INTERNATIONAL BRIEFING
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The Belgian iPhone carrier, Mobistar, said it still expects lines at stores in Brussels on Friday.
EUROPE
Central Bank Chief Says Inflation Will Linger
European Central Bank President Jean-Claude Trichet warned that euro nations are seeing the first signs of an inflation price spiral, and he called on governments to avoid wage hikes that could further raise prices.
Trichet said current inflation levels were set to stay high before cooling gradually next year.
He said schemes that tie wages automatically to price increases were of "particular concern and should be avoided." He also admonished governments for failing to stick to commitments to keep budget deficits low.
Yearly inflation in the 15 countries using the euro spiked to an estimated 4 percent in June, the fastest price acceleration in the 16 years of keeping records. That prompted the central bank to raise borrowing costs last week for the first time in a year -- to 4.25 percent from 4 percent.
Compiled from reports by Washington Post staff writers, the Associated Press and Bloomberg News.


