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Europe Daily Bulletin No. 10267

1 December 2010
GENERAL NEWS / (eu) eu/ecb
Trichet says member states' budget reduction efforts underestimated

Brussels, 30/11/2010 (Agence Europe) - The president of the European Central Bank, Jean-Claude Trichet, addressing MEPs on the European Parliament's economic and monetary affairs committee on Tuesday 30 November, said that the financial markets flagrantly underestimated the determination of eurozone member states to consolidate their public finances. He wryly commented that this was nothing new. In response to a question from Jean-Paul Gauzès (EPP, France), he said that financial stability...

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