Top
New York  London  GMT  Tokyo  Sydney 

Trichet: Greece has taken courageous, convincing measures

By   || March 12, 2010 at 17:11 GMT
|| 1 comment || Add comment

All industrialized nations have taken a hit as a result of the financial crisis and all have to take care of their fiscal situation. Instability still exists for all countries and the financial system as a whole, he tells Fox Business.

Regarding inflation, Trichet says prices will likely be at levels that the ECB defines as price stability (just less than 2%).

The Euro inspires confidence and is not in a battle with the dollar, the central banker says.

Trichet says the idea of a EMF deserves examination. Interest rates are appropriate at this time but he warns against a prolonged period of non-standard measures.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

One Response to “Trichet: Greece has taken courageous, convincing measures”

  1. Tajul Akbar Bin Ismail on March 12th, 2010 17:23 GMT

    EURCHF close to support @ 1.4574 … let see if it breaks

Bottom