Tuesday, 25 August 2009

Crisis: Trichet warns "there are difficult times ahead"

Trichet: We expect difficult times we are not yet to normal
Jean-Claude Trichet President European Central Bank's holding back the enthusiasm and warns: "There are difficult times ahead, no one imagined that the markets are back to normal, it would be a disaster if governments and banks do not learn the lesson of the crisis."
Trichet meets the most optimistic statements made by Ben Bernanke, Fed chairman during the annual summit on the state of the economy in Jackson Hole resort in Wyoming, where they gathered for their central bankers (for the Bank of Italy Mario Draghi).
Home sales in July in the United States increased by 7.3%, but also seizure in the second quarter of 2009 grew by 13%.
The consumer sales in July were weak and disappointing and there was a rebound in the number of new unemployed.
Banks continue to fail in small to medium - to the point that the Federal Deposit Insurance Corporation was responsible for saving them nearly exhausted state funds available to him.
Bernanke also spoke in the same summit did not hide the negative elements that remain.

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