DIRECT FINANCIAL ADJUSTMENT PEAK FINANCIAL requested by the ECB

(Title) Shortly before the publication of stress tests, Jean-Claude Trichet calls for the strongest economies to correct immediately the public finances and structural reforms to increase efficiency.
This basically disagreed with the attitude and the U.S. financial choices. Bernanke and Obama have called for extending the measures to strengthen the economies roots together until the economic recovery. “I disagree with their views,” said Trichet.
ECB data show that “the volume to what is likely to be saddled taxpayers through fresh money into banks, credit guarantees and taking bad loans amounting to 27% of GDP on both sides of the Atlantic “.
” Now is the time to restore financial stability “as the global economy is recovering, he wrote a commentary in the FT. The statements of these are the exact opposite of what we have identified radical Government action to reduce deficits and debt now threatens the very economic recovery.

Pinch TV
23-7-2010

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