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Trichet Says It Will Take Time to Wean Banks Off ECB Loans

European Central Bank President Jean-Claude Trichet said it will take time to wean banks off its emergency lending measures, which policy makers extended last week into 2011.

“We are accompanying the market as it progressively gets back to normal,” Trichet said in an interview with the Financial Times published late yesterday. The ECB confirmed Trichet’s comments. “It’s a process that takes time.”