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Trichet Says ECB Interest Rates ‘Appropriate’ as Crisis Spreads
http://www.bloomberg.com/apps/news?pid=20601087&sid=aFQogqN9xBWY&pos=1
Cut rate helps banks and ECB reputation, but hurts the key USD-Euro exchange rate and might encourage more capital outflight. To say the current course might hurt banks.
Between rock and a hard place.
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🙂bank CDS spreads up for Euro parishg 字3887 2010-05-06 06:28:36
🙂thanks and congraluations 经常笑笑 字141 2010-05-06 04:40:20
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🙂Trichet refuses to cut rate
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