Related
ECB rates unchanged as Trichet bows out 06/10/2011 16:16 CET
ECB ups crisis measures as Trichet exits 06/10/2011 19:21 CET
Trichet calls for rapid implementation of Greek… 29/08/2011 20:54 CET
Greece could say goodbye to the euro 14/05/2012 17:48 CET
ECB wants more effort from banks and governments 25/04/2012 15:34 CET
European Central Bank President Jean-Claude Trichet has been defending budget cuts by the region’s governments.
In an newspaper interview he said it was wrong to claim that such austerity moves threatened Europe’s economic recovery.
Trichet specifically praised Germany which is embarking on its biggest programme of spending cuts since World War Two.
His comments came ahead of a G20 summit where leaders are split on the issue.
More about: ECB, Eurozone in crisis, Jean-Claude TrichetCopyright © 2012 euronews
Top Stories
Haneke scoops Cannes Palme d'Or
Austrian director Michael Haneke has won the Cannes film festival’s top prize. He scooped the Palme d’Or for his film “Love” – the tale of an elderly couple facing the inescapable, yet…
Syrian government blames rebels for Houla massacre
International outrage is mounting over a massacre in Syria that has left more than 100 people…
Mali: Rebel groups agree to creation of Islamic state
Two Rebel groups have agreed to merge and create an independent Islamic state in Northern…
latest economy news
EU-Argentina trade friction increases- Eurozone citizens back common currency
- Athens stock market plunges
- Euro tumbles on German weakness
- UK economy in worse state than feared
- Foreign investors shun Italy and Spain
- IMF tells Britain ‘must try harder’
- Eurozone is biggest threat to growth: OECD
- UK inflation eases
- Troika checks Portugal’s progress
euronews on facebook
