InfoAnda - ECB's Trichet: no more stimulus spending needed

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Iran, Hungary lead pack for Berlin fest's Golden Bear | 19 February 2011
Spice girls musical Viva Forever to hit stage | | 22 January 2010
South Korea says factory park in North in turmoil | 18 May 2009

Floods trap 30,000 in China's northeast | 29 July 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : ECB's Trichet: no more stimulus spending needed

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: ECB's Trichet: no more stimulus spending needed AFP - Monday, March 23 WASHINGTON, (AFP) - - European Central Bank chief Jean-Claude Trichet said in an interview with The Wall Street Journal that Europe doesn't need more stimulus spending, but that the ECB could lower its interest rate further to free up credit. ADVERTISEMENT In support of European governments resisting US pressures to boost their stimulus packages, which are about half of the United States' 787 billion dollar plan, Trichet said all sides should "now, as efficiently and rapidly as possible, do what has been decided." "Nothing will really work until the financial sector is back on track and ready to lend on a sustainable basis. I would say exactly the same with the budget," Trichet said in his interview published online Sunday by the The Wall Street Journal. "Decisions have been taken; they are very important. Let's do it! Quick implementation, quick disbursement is what is needed," the ECB president said. The United States and Europe are at loggerheads on whether to announce a fresh stimulus package at the upcoming Group of 20 summit meeting in London on April 2. Washington favors the move, and European countries like France and Germany, oppose it. Trichet warned that if governments fall too deeply in debt, it could trigger a hike in long-term interest rates, which would sap public and business confidence. "To be efficient in rebuilding confidence, you have to demonstrate that you are doing, immediately and audaciously, what is necessary," he said. "But at the same time, you have also to reassure your own people that you have an exit strategy." The Wall Street Journal said Trichet "strongly suggested" the ECB would not buy government bonds to free up credit as the US Federal Reserve and the Bank of England have done. He said the ECB was wary of a "blending of responsibilities" between the ECT and the euro zone's 16 different national finance ministries. However, Trichet reaffirmed that the ECB could take its key interest rate below the banks already historic low of 1.5 percent to stimulate the credit market. The United States and Britain have lowered their interest rates to near zero. Trichet said comparing policy rates was misguided. "It is not a race." Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo European Central Bank chief Jean-Claude Trichet said in an interview with The Wall Street Journal that Europe doesn't need more stimulus spending, but that the ECB could lower its interest rate further to free up credit. Most Popular – Top Stories Viewed British reality TV star Jade Goody dies of cancer Prince Charles blue over green crusade Madoff loses bail appeal as victims' rage revealed Arrest warrant issued for Lindsay Lohan Opel boss hints at closing German plants View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 23 March 2009
U.S. says Iraqi prisoners to be freed or charged | International |
Guatemala to open mass grave in search for war dead | International |
Czech government MP will push to topple government on Tues | International |
Knowing tops weekend box office | Entertainment |
U.S. to put exit strategy in Afghanistan policy | International |
In Afghanistan, US military's `Help Wanted' sign
Riot shows desperate Tibetans may defy security | International |
Netanyahu recruits Shas party for Israel coalition | International |
U.S. says Iraqi prisoners to be freed or charged
Mumbai attack trial begins, gunman says from Pakistan | International |
NATO soldier dies in Afghanistan
Professor takes lead after peaceful Macedonia vote | International |
British reality TV star Jade Goody dies of cancer
US-led raid kills five Afghan civilians: officials
U.S. says Iraqi prisoners to be freed or charged | International |
Iran sets terms for U.S. ties
Global downturn threatens Cambodian garment success | International |
Iraqi VP calls for wise economic policy amid woes
FedEx plane crashes on landing in Tokyo, two dead | International |
Skype targets corporate market: report | Technology |
US pursues charges in 2007 attack in Iraq
Poland hopes U.S. will not let it down on shield
UK reality TV star dies of cancer amid media blitz | Entertainment |
Fox wants more of Gordon Ramsay | Entertainment |
Pakistani leaders reconcile as top judge reinstated
Japanese military assumes more global role
Seven hurt in Philippines blast: police
More than 1,100 civilians escape S.Lanka war zone
7 militants get life terms for Bangladesh bombings
US, disputing Afghans, says raid killed militants
Japan's economy 'needs big stimulus'
Natasha Richardson buried near upstate NY home
Reality TV star Jade Goody dies of cancer
"Knowing" tops box office
Acts twitter at SXSW, in interviews and on stage
Sci-fi thriller "Knowing" tops weekend box office
Taliban kill eight Afghan police: commander
US Afghan plan must have 'exit strategy': Obama
Lebanon bomb kills senior Fatah official, 4 others | International |
Israel, Hamas say talks on prisoner swap not over
U.S. sought ex-Guantanamo detainee's silence: court | International |
US to spend 500 bln to clean toxic assets
Madagascar leader's opponents launch protests | International |
Government won't take all the risk: Geithner
ECB's Trichet: no more stimulus spending needed
Obama warns of collapse if big institution fails
UAE investment fund takes 9.1 pct stake in Daimler
Sudan's Bashir visits Eritrea despite ICC warrant | International |
WTO's Lamy presses U.S. as world trade tumbles | International |
Kids among 17 killed in US plane crash
Nokia drops N73 model from gaming service plans | Technology |
Obama team sees U.S. rebound this year
The Nano, world's cheapest car, to hit Indian roads | Technology |
Under Obama, US drops hostility to ICC: experts
Japan robot model no challenge yet to human rivals | Technology |
US stimulus money fuels 'smart' power grid surge
US to publish torture details: report
Russia region chief quits after ruling party row
Auschwitz museum struggles to preserve site
Knowing tops weekend box office | Entertainment |
Sopranos star Gandolfini a hit on Broadway | Entertainment |
Australia's Big Pineapple wins heritage listing
Harrison Ford proposes to Calista Flockhart: People | Entertainment |
NKorea's 'thin Kim' triples public activities
Taiwan fires pro-China official
Tibet protest sparked by row over flag: exiles
Troops patrolling Tibetan town in northwest China
Indonesian zoo welcomes 32 newborn Komodo dragons
Four Bangladesh 'mutineers' die in custody
Philippine general takes leave during hostage crisis
Hip-hop group N.E.R.D. a no-show in Indonesia
Mitsubishi UFJ to cut 1,000 jobs, close 50 branches
Japan ship shot at off Somalia
US Treasuries still key to China investment plan
Seoul shares hit 6-wk closing high as banks rally
US-ENTERTAINMENT Summary
FACTBOX-S.Korea govt, party agree on $13 bln new spending
Chinese massacre movies clear censors
Japanese business confidence at new low: survey
Big news year boosts `60 Minutes'
S.Korea lenders mulling private bad bank in April
'God of Carnage' hilariously trashes civility
Seoul shares up as financials rise on US bank hopes
SXSW ends as buzz grows for bands who impressed
India's Tata Motors to launch $2,000 Nano
Harrison Ford proposes to Calista Flockhart: People
Minister: China still welcomes foreign investment
China to be flexible at Doha talks: state media
Kidnapper recruits victims in Indonesia vote
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01