Tags: ECB | Trichet | liquidity | Spain

Trichet: ECB Supplying Unlimited Liquidity

Tuesday, 20 Sep 2011 10:11 AM

The European Central Bank (ECB) is supplying unlimited liquidity at fixed interest rates over one week, one month and three month periods, ECB President Jean-Claude Trichet said in an interview with Expansion newspaper published on Tuesday.

Recent agreements between central banks showed the close co-operation between the US Federal Reserve and the ECB, he said.

The situtation in Spain has got considerably better but defences must not be let down, Trichet told the Spanish newspaper in an interview.

Spain must resolutely apply new structural reforms to achieve highest growth possible, he said.

Greece must strictly enforce its austerity plan and meet all objectives, he said.

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