Trichet: European banks must consolidate their balance sheets

V.R. (Translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 21 septembrie 2011

Trichet: European banks must consolidate their balance sheets

European banks must consolidate their balance sheets, said the president of the European Central Bank (ECB), Jean- Claude Trichet, in an interview with Spanish daily Expansion, quoted by Reuters.

According to him, Bank of China"s halt on foreign exchange swaps with several European banks, as well as the ECB"s money market operations, were the latest signs that debt and economic woes are threatening to spread to the financial sector.

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