The head of the ECB on Sunday pledged to do whatever it takes to restore confidence to rocky markets, Reuters reports. In an interview with French media, Jean-Claude Trichet said Europe faces a “very important growth slowdown.” Trichet put the blame on the price shock from months of high energy prices as well as the financial crisis.

This entry was posted by Tracy Alloway on Monday, October 20th, 2008 at 4:47 and is filed under Capital markets, People. Tagged with Bailout, ecb, jean-claude trichet. Edit this entry.