Getting your player ready...
BERLIN — European Central Bank head Jean- Claude Trichet welcomed European leaders’ pledge to publish the results of “stress tests” on banks and indicated Thursday that the need to calm markets by buying troubled government bonds appears to be diminishing.
Trichet sounded an upbeat note on the 16-nation euro zone’s economy after the bank kept its benchmark refinancing rate untouched at a record low of 1 percent, saying that recent data don’t support “excessively pessimistic” views.
