Trichet Backs Bank Stress Tests
Airtime: Thurs. Jul. 8 2010 | 11:05 AM ET
ECB President Jean Claude Trichet said the EU’s bank stress tests are being finalized and they are important. Thorsten Polleit from Barclays Capital has analysis.
Airtime: Thurs. Jul. 8 2010 | 11:05 AM ET
ECB President Jean Claude Trichet said the EU’s bank stress tests are being finalized and they are important. Thorsten Polleit from Barclays Capital has analysis.
Political problems within the euro zone are going to get worse as debt-laden countries struggle with rising unemployment while attempting to cut budgets, Peter Dixon from Commerzbank Securities told CNBC Monday.
“There is some sentiment here in the US that the US will have to pick up part of the tab to bail out Europe as well, because of the IMF,” Rep. Scott Garrett, (R) New Jersey, told CNBC Monday.
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