BERLIN (MNI) – European Central Bank president Jean-Claude Trichet
on Thursday dismissed fears that a stronger investment of Chinese public
funds in Eurozone sovereign debt securities could distort yields.
“We are living in a world which is totally open and private
investors and savers as well as public investors and savers are of
course permanently analysing and judging the best investment they can
make,” Trichet said during the question and answer session of his
appearance in the European Parliament.
“I will not comment on China in particular; they are certainly
looking at how to best optimize their own investment and their own
savings, and again we have vis-a-vis them the same attitude as we have
vis-a-vis all other potential investors,” the ECB president explained.
He reminded that “we ourselves, in the ECB, never embarked on some
kind of global campaigning in favor of investors investing in the euro.
We always considered that this was a thing which had to be decided on a
decentralized basis by each investor, by each saver.”
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: MT$$$$,M$$CR$,MGX$$$,M$X$$$,MFX$$$,M$$EC$]
