Bloomberg News

Trichet Says EU Leaders Must Take Appropriate Measures at Summit

October 16, 2011

Oct. 16 (Bloomberg) -- European Central Bank President Jean-Claude Trichet said European Union heads of state must take “appropriate measures” at their Oct. 23 summit to shore up confidence in the region’s debt markets and banks.

The “measures to be taken will be difficult,” Trichet told Europe 1 Radio in an interview today. “The decisions to be taken at the EU meeting will have to be appropriate measures to protect the sovereign debts and appropriate measures to protect the financial system.”

Trichet also said the euro-area economy “probably” grew in the third quarter. For the fourth quarter “we will see,” he said.

To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net

To contact the editor responsible for this story: Matthew Brockett at mbrockett1@bloomberg.net


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