The euro's recent rise again the U.S. dollar should have a positive effect on economic growthand may allow the European Central Bank (ECB) to cut interest rates, Michael Rogowski, headof the German Industry Association (BDI), said in a newspaper interview Tuesday. "I think thenormalisation in the euro's exchange rate, towards parity with the dollar, can certainly have apositive effect on (German) growth and employment. (The euro's rise) dampens inflation andgives the ECB another argument for lowering interest rates," Rogowski told the mass-circulation Bild Zeitung. Rogowski also called for further labor market reforms to increaseflexibility in the German workforce. "That's something even the unions are demanding," hesaid. "I think the issue should become more of a topic for public debate. We must grouptogether unemployment and welfare payments, introduce time constraints, cut the paymentsand introduce inducements for unemployed workers to take on acceptable jobs in other cities(than the one they live in)."