European Central Bank chief Jean-Claude Trichet said on Sunday that leading central bank governors have agreed on a package of measures to strengthen the regulation and supervision of the banking industry.
The European Central Bank president, Jean-Claude Trichet, warned against, but did not dismiss, European predictions of economic recovery in the first quarter of 2010. He also insisted that no additional EU stimulus plans were necessary.
Jean-Claude Trichet, president of the European Central Bank, has "confirmed" that he believes the world economy will recover in 2010 after a "very bad" 2009. He added that he believed current stimulus plans were "generally sufficient".
In an interview with The Wall Street Journal, European Central Bank head Jean-Claude Trichet said the ECB could lower its interest rate further to free up credit. Trichet has approved EU governments' reluctance to boost their stimulus packages.
European Central Bank president Jean-Claude Trichet has said he believes 2010 will be a year of moderate recovery, but warned "it is not guaranteed. It depends on how the authorities, as well as citizens and companies, regain confidence".
In his capacity as spokesman for the G10 central bankers meeting, European Central Bank head Jean-Claude Trichet said the global economy is "approaching" a pick-up point.
Cash injections during the financial crisis have added about 600 billion euros worth of risk to the balance sheet of the European Central Bank (ECB), the bank's head Jean-Claude Trichet has said, while urging governments to limit their deficits.
The European Central Bank kept its key interest rate unchanged at 2% on Thursday. FRANCE 24’s Raphael Kahane asked Jean-Claude Trichet, ECB president, how this “wait-and-see” approach can help the European economic down-turn.
The European Central Bank has kept its interest rates unchanged at 2.0%. ECB President Jean-Claude Trichet is set to give a press conference where he may say whether the ECB could go below its present all-time low next month.
