Bloomberg News

Trichet Says Situation Remained ‘Demanding’ Over Past Weeks

October 11, 2011

Oct. 11 (Bloomberg) -- European Central Bank President Jean-Claude Trichet said the situation remained “demanding” over the past weeks.

“The crisis has reached a systemic dymension,” Trichet said at a hearing in Brussels today. “Sovereign stress has moved from smaller economies to some of the larger countries. The crisis is systemic and must be tackled decisisvely.”

To contact the reporter on this story: Jana Randow in Frankfurt at

To contact the editor responsible for this story: Simone Meier at

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