ECB's Trichet says additional spending not necessary

03/23/2009 | Wall Street Journal, The

Jean-Claude Trichet, president of the European Central Bank, supports the position of European governments that increasing spending is not needed to battle the financial crisis. Instead, Trichet said, governments should move more quickly on previously announced plans. Europe and the US should "now, as efficiently and rapidly as possible, do what has been decided", Trichet said.

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