Doug Henwood Talks

NEWS ALERT from The Wall Street Journal

Aug. 14, 2007

Euro-zone money-market conditions have “progressively gone back to
normal,” said European Central Bank President Jean-Claude Trichet in
a statement that came after several days of cash injections by
central banks world-wide amid volatile swings in the markets. The ECB
and Federal Reserve moved in the wake of a liquidity crunch set off
by rising defaults on home loans.

For more information, see: http://wsj.com/article/ 0,,SB118707873322297073,00.html?mod=djemalert

For the text of Jean-Claude Trichet’s statement, see: http:// blogs.wsj.com/economics/2007/08/14/jean-claude-trichets-statement/

This entry was posted on Tuesday, August 14th, 2007 at 8:35 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.