EU single market cannot be divided – ECB’s Villeroy

Francois Villeroy de Galhau, member of the ECB board, said on Friday that a temporary peak in German inflation is ‘acceptable’.

He added that the EU’s single market cannot be divided and that the growth in the region is firming. Inflation, however, still remains far from the ECB target.

Villeroy reiterated that tapering was not discussed at yesterday’s ECB meeting.