Trichet Challenges Budgets as Spain Steps Up Measures
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European Central Bank President Jean-Claude Trichet challenged political leaders to do more to fix their budgets as Spain ramped up measures to fight the threat of contagion.
“We have the same message for all countries -- ‘take all measures to make next year’s fiscal objectives credible,’” he told RTL radio in Paris yesterday. Germany said no ad hoc European Union talks are planned today or tomorrow on the region’s ongoing sovereign debt crisis.