Trichet Says Euro Resolve Not to Be Underestimated
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European Central Bank President Jean-Claude Trichet signaled investors are underestimating policy makers’ determination to shore up the euro region’s stability as contagion spreads through the bloc’s bond markets.
“I don’t believe that financial stability in the euro zone could really be called into question,” Trichet told lawmakers in Brussels today. Observers “are tending to underestimate the determination of governments.”