30 Oct '11, 9am

Debt crisis that crippled Europe not over: ECB chief

Debt crisis that crippled Europe not over: ECB chief

The debt crisis that has crippled Europe in recent months has not been overcome despite a comprehensive package clinched by euro zone leaders, the president of the European Central Bank, Mr Jean-Claude Trichet, warned on Sunday. -- PHOTO: REUTERS BERLIN (AFP) - The debt crisis that has crippled Europe in recent months has not been overcome despite a comprehensive package clinched by euro zone leaders, the president of the European Central Bank warned on Sunday. In an interview in German weekly Bild am Sonntag on the last day of his eight-year stint at the helm of the ECB, Mr Jean-Claude Trichet urged euro zone governments to stick to their promises and bring down unsustainable debt piles. 'The crisis is not over. It has laid bare the weaknesses of advanced economies. We are now seeing the weaknesses of the United States and Japanese economies, but also, of course, Europe's...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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