Bloomberg News

Trichet Says Banks Should Take Full Advantage of State Support

October 06, 2011

Oct. 6 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said banks should take full advantage of state support.

“ Where necessary, they should take full advantage of government support measures, which should be made totally operational, including the possibility in future for the European Financial Stability Facility to lend to governments in order to recapitalise banks,” Trichet said at a press conference in Berlin today.

To contact the reporter on this story: Gabi Thesing in London at

To contact the editor responsible for this story: Andrew Atkinson at

Tim Cook's Reboot
blog comments powered by Disqus