Saturday, December 18, 2010
European Central Bank President Jean-Claude Trichet: Global recession will not fall into the second.
<P> According to AFP news, local time on July 4 in France, Jean-Claude Trichet is to attend an economic conference in southern France, made the remarks when. .Moreover, the views at odds with President Obama is that Trichet that the tightening of fiscal policy in Europe will not hamper economic recovery. .</ P> <P> "to the global level, we can clearly see, whether in emerging countries or in developed countries, we are experiencing recovery." Trichet said. .Continuous decline in the Dow last week triggered a global economic worries of the second bottom, but Trichet totally do not think so. .</ P> <P> But he stressed that the developed countries to consolidate economic recovery will depend on the ability of market confidence, "This is for the restoration of our real estate, business, the confidence of savers and investors, fiscal policy reasons. ."</ P> <P> In addition, the views at odds with President Obama is that Trichet believes that the current tight economic policies being implemented in European countries will not affect the pace of economic recovery, he considered the deficit reduction .measures conducive to rebuild the confidence of investors and consumers, but conducive to economic growth. .</ P> <P> on June 27 of the G20 summit, Obama said the reduction of European national financial concerns too fast, he thought the measure could be delayed global economic recovery. .</ P>.
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