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ECB’s Trichet: Bad bank assets still a problem but not the main one

By   || January 15, 2010 at 07:53 GMT
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Trichet opines that bad bank assets are still a problem for the financial system. Banks need to reinforce their balance sheets.

Economic recovery is going to be “chaotic.”.

He sees permanent risk of asset bubbles developing.

EUR/USD seeing quiet trade, presently at 1.4420.  Talk of sovereign buy orders 1.4395/05, sell orders at 1.4450.

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