China Financial Daily

Senior officials of the European Central Bank said the financial crisis was coming to an end
In Frankfurt Xinhua on May 5th (Lu Qunxin) members of the Board of the European Central Bank, the Austrian central bank governor Eduard • Noel Nowotny said on 5th to the outside world, that there were indications of the financial crisis coming to an end. Nowotny noted that the situation which Eastern Europe was plunged into financial crisis has eased, and financial assistance from the International Monetary Fund and EU had played an important role.

European Central Bank refused the interest rates declined to zero
President of European Central Bank Jean – Claude • Jean-Claude Trichet said on 19th, the European Central Bank would not adopt a zero interest rate policy, but hinted in May of this year to ease the introduction of new financial policies. Jean-Claude Trichet, who is visiting Japan, told Kyodo News reporter, the European Central Bank will in the Council held in the next month, decide the “non-traditional” financial mitigation measures.

German banking industry urged the European Central Bank to cut interest rates further
From Frankfurt Xinhua Xinhua on April 20th (Lu Xinqun) with the growing recession in the euro-zone economy, German bankers on 20th have urged the European Central Bank to cut interest rates further. Chairman of the Federal Association of German Banks, Manfred Weber said the ECB to cut interest rates still had a room. At present, neither the euro-zone has the inflation risks nor the deflation risks, so the European Central Bank should make full use of this beneficial opportunity.