BREAKING NEWS

Trichet says cuts won't mean stagnation

Trichet says cuts won't mean stagnation
Euronews logo
Text size Aa Aa

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.

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.