MW: ECB's Trichet says no further stimulus needed now: WSJ
The president of the European Central Bank said in a Wall Street Journal interview that Europe doesn't need to boost spending further to combat the global financial crisis, throwing the bank's weight behind Europe's governments in their battle with the U.S. over how to overcome the worst recession in a generation. ECB leader Jean-Claude Trichet said that instead of pushing new measures, governments around the world should move faster on what they've already announced -- referring in part to delays and difficulties in the U.S. government's rescue of its troubled banks.
