Bloomberg News

Trichet Says ECB Shouldn’t Refinance Euro Member Bailouts

October 04, 2011

Oct. 4 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said the ECB shouldn’t play a role in providing funds to bail out debt-strapped nations.

“I’m not in favor of bailout funds refinanced by the ECB,” Trichet said at a parliamentary hearing in Brussels today.

To contact the reporter on this story: Gabi Thesing in London at gthesing@bloomberg.net

To contact the editor responsible for this story: Jana Randow at jrandow@bloomberg.net


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