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European Central Bank President Jean-Claude Trichet (R) arrives with Slovenia's Prime minister Janez Jansa at a European Union leaders summit in Brussels November 7, 2008. EU heads of states and governments are set to call on Friday for next week's global finance summit in Washington to launch rapid reforms to prevent a fresh outbreak of the credit crisis that has rocked the world economy.
European Central Bank President Jean-Claude Trichet (C) arrives with European Union foreign policy chief Javier Solana (L) at a European Union leaders summit in Brussels November 7, 2008. EU heads of states and governments are set to call on Friday for next week's global finance summit in Washington to launch rapid reforms to prevent a fresh outbreak of the credit crisis that has rocked the world economy.
European Central Bank President Jean-Claude Trichet arrives at a European Union leaders summit in Brussels November 7, 2008. EU heads of states and governments are set to call on Friday for next week's global finance summit in Washington to launch rapid reforms to prevent a fresh outbreak of the credit crisis that has rocked the world economy.
European Central Bank President Jean-Claude Trichet arrives for an EU informal Economic Council summit on November 7, 2008 at EU headquarters in Brussels. French President Nicolas Sarkozy, speaking just ahead of the summit, insisted on the need to "coordinate economic policies" in Europe, while admitting this was "a controversial subject".
European Central Bank President Jean-Claude Trichet arrives for an EU informal Economic Council summit on November 7, 2008 at EU headquarters in Brussels. French President Nicolas Sarkozy, speaking just ahead of the summit, insisted on the need to "coordinate economic policies" in Europe, while admitting this was "a controversial subject".
European Central Bank President Jean-Claude Trichet arrives for an EU informal Economic Council summit on November 7, 2008 at EU headquarters in Brussels. French President Nicolas Sarkozy, speaking just ahead of the summit, insisted on the need to "coordinate economic policies" in Europe, while admitting this was "a controversial subject".
FRANKFURT, GERMANY - NOVEMBER 06: In this handout photo provided by the European Central Bank, President of the European Central Bank Jean-Claude Trichet smiles during a press conference after the Governing Council meeting of the European Central Bank on November 6, 2008 in Frankfurt, Germany. The Governing Council decided to reduce the key ECB interest rates further by 50 basis points, following the previous coordinated interest rate cut on 8 October 2008.
President of the European central (bce) Bank Jean-Claude Trichet (R) talks with Belgium Finance Minister Didier Reynders on November 03, 2008 before an EUROGROUP meeting at the EU headquarters in Brussels. The European Commission forecast a short shallow recession for the 27-nation European Union, predicting its combined economy would shrink 0.1 percent in both the third and fourth quarters of 2008.
President of the European Central Bank, French Jean-Claude Trichet (R) talks with Spanish Finance Minister Pedro Solbes during a meeting in Madrid on October 27, 2008. Trichet said Monday that another cut in interest rates is "possible" next month, against a backdrop of untold turmoil on the global markets as fears of a world recession bite deeper.
President of the European Central Bank, French Jean-Claude Trichet (R) shakes hand with Spanish Finance Minister Pedro Solbes during a meeting in Madrid on October 27, 2008. Trichet said Monday that another cut in interest rates is "possible" next month, against a backdrop of untold turmoil on the global markets as fears of a world recession bite deeper.
President of the European Central Bank, French Jean-Claude Trichet (R) shakes hand with Spanish Finance Minister Pedro Solbes during a meeting in Madrid on October 27, 2008. Trichet said Monday that another cut in interest rates is "possible" next month, against a backdrop of untold turmoil on the global markets as fears of a world recession bite deeper.
European Central Bank President Jean-Claude Trichet arrives at a European Union leaders summit in Brussels October 15, 2008. EU nations are set on Wednesday to back calls for a root-and-branch overhaul of the world's financial structures in a bid to ensure no repeat of the worst credit crisis since the 1930s Great Depression.
European Central Bank (ECB) President Jean-Claude Trichet (L) speaks with Dutch PM Balkenende (C) as Belgian Prime Miniter Yves Leterme (R) before the start of the European Union leaders summit in Brussels October 15, 2008. EU nations are set on Wednesday to back calls for a root-and-branch overhaul of the world's financial structures in a bid to ensure no repeat of the worst credit crisis since the 1930s Great Depression.