Trichet Says the EFSF Will Help Ensure Financial Stability
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European Central Bank President Jean-Claude Trichet said said that the EFSF rescue fund will help ensure better financial stability.
“The working assumption is that when the EFSF is up and running and able to intervene in secondary market we take it will ensure better financial stability and permit us not to help restore an appropriate transmission of our monetary policy,” he told reporters after the Group of 20 meeting in Paris today.