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Trichet: No Danger of Europe Liquidity Crisis

European Central Bank President Jean-Claude Trichet dismissed any idea that Europe could face a liquidity shortage, saying efforts to combat the financial crisis will prevent such an outcome.

“The idea that we could have a liquidity problem in Europe” is “plain wrong because of these non-standard measures we have taken,” Trichet said Saturday at a conference of central bankers in Jackson Hole, Wyoming.

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European Central Bank President Jean-Claude Trichet dismissed any idea that Europe could face a liquidity shortage, saying efforts to combat the financial crisis will prevent such an outcome. The idea that we could have a liquidity problem in Europe is plain wrong because...
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