ECB chief Trichet powerless to resolve crisis
By John Fraher | China Daily | Updated: 2010-04-13 08:19
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Jean-Claude Trichet, president of the European Central Bank (ECB), gestures while speaking during a news conference at the ECB headquarters in Frankfurt, Germany, on Thursday. Hannelore Foerster / Bloomberg |
FRANKFURT - Mounting speculation that Greece will default on 304.2 billion euros ($405.2 billion) of debt is depriving European Central Bank President Jean-Claude Trichet of the stable markets needed to bring Europe out of its worst post-war recession.
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