Trichet: Greece has taken courageous, convincing measures
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.

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