Jean-Claude Trichet, ECB president, moved on Thursday to boost confidence in eurozone public finances while maintaining pressure on southern members to bring spiralling deficits under control. Amid investor anxiety about the deteriorating situation in Spain, Portugal and Greece, Trichet said individual countries must have clear fiscal “exit strategies” – though he said Greece’s new moves to boost revenues and cut taxes were “steps in the right direction”. He spoke after the ECB left its main interest rate at a record low of 1% for a ninth consecutive month.

This entry was posted by Gwen Robinson on Friday, February 5th, 2010 at 5:58 and is featured in The 6am Cut London (5 Feb 2010) . Tagged with ecb, Greece, jean-claude trichet, portugal, Spain. Edit this entry.