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SACO INVEST (Free subscription) | yesterday
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/ Government Debt Spirals Greece tests the limit of sovereign debt as it grinds towards slump By Ambrose Evans-Pritchard , The Telegraph Greece is disturbingly close to a debt compound spiral. It is the first developed country on either side of the Atlantic to push unfunded welfare largesse to the limits of market tolerance. Euro membership...
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France 24 (Free subscription) | 11/23/2009
European Central Bank President Jean-Claude Trichet said Monday it was "premature" to declare the global financial crisis over. But he said the bank had a strategy to withdraw the liquidity-providing measures it put in place to support the financial system through the credit crunch when the time was right to do so. "As of today it is still premature to declare the financial crisis over....
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People Daily (Free subscription) | 11/21/2009
Wall Street continued the previous decline Friday, after the technology giant Dell posted disappointing earnings and European Central Bank (ECB) President Jean-Claude Trichet said policy makers will withdraw emergency cash gradually. Stocks slipped as Trichet said the ECB will remove liquidity in order to ensure the bank doesn't fuel inflation. Technology stocks led the downward slide, after Dell reported...
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People Daily (Free subscription) | 11/21/2009
Wall Street declined on Friday after technology giant Dell and homebuilder D.R. Horton Inc. posted disappointing earnings. Technology stocks led the downward slide, after Dell reported a54-percent drop in net income and a 15-percent decline in revenue in its latest quarter, much worse than anticipated. Shares of Dell tumbled nearly 10 percent, or 1.58 U.S. dollars, to 14.29 dollars. Stocks also slipped...
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The Irish Times (Free subscription) | 11/21/2009
BANKS SHOULD step up their lending to support economic growth while taking steps to curb “undue” bonuses, European Central Bank head Jean-Claude Trichet said.
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Finance Markets (Free subscription) | 11/20/2009
Jean-Claude Trichet, President of the European Central Bank (ECB), has said liquidity measures will be scaled back in order to ensure it doesn’t fuel inflation. Currently the inflation rate within the 16 nations that use the euro is 0.5% but at the start of the summer, inflation turned negative for the first time, declining to -0.1% [...]
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France 24 (Free subscription) | 11/20/2009
Banks should step up their lending to support economic growth while taking steps to curb "undue" bonuses, European Central Bank head Jean-Claude Trichet said Friday. "Profits earned should be used -- as priority -- to build capital and reserves, rather than to be paid out as dividends or undue compensation," Trichet told a banking conference here. He maintained that to weather...
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Boston Globe (Free subscription) | 11/20/2009
Although it is too early to say the crisis is over, it is time to withdraw some of the policy measures that supported the financial system through the credit crunch, the European Central Bank President Jean-Claude Trichet said Friday.
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ireland.com (Free subscription) | 11/20/2009
Banks run the risk of becoming addicted to cheap and abundant central bank funds, European Central Bank President Jean-Claude Trichet said today, stressing these will be withdrawn as the situation normalises.
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Reuters UK (Free subscription) | 11/20/2009
FRANKFURT (Reuters) - Banks run the risk of becoming addicted to cheap and abundant central bank funds, European Central Bank President Jean-Claude Trichet said on Friday, stressing these will be withdrawn as the situation normalises.
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Money Outlook (Free subscription) | 11/20/2009
Although it is too early to say the crisis is over, it is time to withdraw some of the policy measures that supported the financial system through the credit crunch, the European Central Bank President Jean-Claude Trichet said Friday.
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Independent.ie - European RSS Feed (Free subscription) | 11/20/2009
European Central Bank President Jean-Claude Trichet said policymakers would unwind their unconventional monetary policies "naturally and gradually," while remaining dedicated to price stability.
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The Economist (Free subscription) | 11/19/2009
Why China resists foreign demands to revalue its currency PRESIDENT BARACK OBAMA, on his first visit to China this week, urged the government to allow its currency to rise. President Hu Jintao politely chose to ignore him. In recent weeks Jean-Claude Trichet, the president of the European Central Bank, and Dominique Strauss-Kahn, the managing director of the International Monetary Fund, have also...
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The Economist (Free subscription) | 11/18/2009
Why China resists foreign demands to revalue its currency PRESIDENT Barack Obama, on his first visit to China this week, urged the government to allow its currency to rise. President Hu Jintao politely chose to ignore him. In recent weeks Jean-Claude Trichet, the president of the European Central Bank, and Dominique Strauss-Kahn, the managing director of the International Monetary Fund, have also...