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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.
European Central bank Governor Jean-Claude Trichet (L), European Commission President Jose-Manuel Barroso (2nd L), France's President Nicolas Sarkozy (2nd R) and President of the European Council Jean-Claude Juncker attend a joint news conference at the Elysee Palace in Paris, October 12, 2008. European leaders, rushing to craft a credible response before fearful world markets reopen, pledged on Sunday to pump public money into banks battered by the worst financial crisis since the 1930s.
French President Nicolas Sarkozy, left, E.U. Commission president Jose Manuel Barroso, center, and European Central Bank Chief Jean-Claude Trichet, right, leave following a joint press conference after a crisis summit at the Elysee palace in Paris, Sunday, Oct. 12, 2008. Euro nations agreed Sunday to temporarily guarantee bank refinancing as part of a raft of emergency measures to ease the credit crunch.
French President Nicolas Sarkozy, second from right, gestures as he delivers his speech, as Eurogroup president Jean-Claude Juncker, right, European Central Bank chief Jean-Claude Trichet, left, and E.U. Commission president Jose-Manuel Barroso, second from left, look on, following a crisis summit at the Elysee palace in Paris, Sunday, Oct. 12, 2008. Euro nations agreed Sunday to temporarily guarantee bank refinancing as part of a raft of emergency measures to ease the credit crunch.
European Central Bank President Jean-Claude Trichet (L) is greeted by France's President Nicolas Sarkozy at the Elysee Palace in Paris October 12, 2008. Sarkozy, Trichet and leaders of euro zone countries hold an emergency meeting in Paris to agree on specific, pan-European measure to prop up the battered financial sector and halt market panic.
French President Nicolas Sarkozy, left, talks with E.U Commission president Jose Manuel Barroso, second from left, Eurogroup president Jean-Claude Juncker, second from right, and European Bank president Jean-Claude Trichet, right, during a crisis summit at the Elysee palace in Paris, Sunday, Oct. 12, 2008.
European Central Bank president Jean-Claude Trichet, left, French President Nicolas Sarkozy, second from left, British Prime Minister Gordon Brown, second from right, and E.U. commission president Jose Manuel Barroso, right, are seen during a crisis summit at the Elysee palace in Paris, Sunday, Oct. 12, 2008. President Nicolas Sarkozy said he expects a meeting of 15 European leaders Sunday to produce an ambitious, coordinated plan to battle the effects of the global financial crisis.
European Commission President Jose Manuel Barroso, left, European Central Bank President Jean-Claude Trichet, center, and Eurogroup President Jean-Claude Juncker, right, arrive at the financial crisis summit gathering Eurogroup heads of state and government at the Elysee Palace in Paris, Sunday, Oct. 12, 2008. Countries that use the euro will temporarily guarantee future bank debt to encourage lending and ease the credit crunch, according to a draft statement under discussion by European leaders Sunday.
France's President Nicolas Sarkozy (C) escorts his Prime Minister Francois Fillon as he looks over towards European Central Bank President Jean-Claude Trichet (R) and Eurogroup President Jean-Claude Juncker (2nd R) after a family photo session at the Elysee Palace in Paris October 12, 2008. Sarkozy and leaders of euro zone countries hold an emergency meeting in Paris to agree on specific, pan-European measures to prop up the battered financial sector and halt market panic.
European Central Bank President Jean-Claude Trichet, left, Britain's Prime Minister Gordon Brown, second from left, European Commission President Jose Manuel Barroso, center, France's President Nicolas Sarkozy, second from right, and President of Eurogroup Jean-Claude Juncker, right, meet at the Elysee Palace in Paris, Sunday, Oct. 12, 2008.
Eurogroup Chairman Jean-Claude Trichet, left, IMF Managing Director Dominique Strauss-Kahn, center, and World Bank President Robert Zoellick arrive for the group photo of the G7 Finance Ministers and Central Bank Governors Ministerial at the Treasury Department on Friday, Oct. 10, 2008, in Washington.
WASHINGTON - OCTOBER 10: European Central Bank President Jean-Claude Trichet (L) talks with IMF Managing Director of the International Monetary Fund Dominique Strauss-Kahn prior to the group photo with the G7 finance ministers and central bank governors at the U.S. Treasury Department October 10, 2008 in Washington, DC. The annual G7 gathering comes amid global market turmoil that saw an 18 percent drop in the Dow this week alone.
European Central Bank President Jean-Claude Trichet, left, talks with EU Commissioner for Economic and Monetary Affairs Joaquin Almunia, at the start of the Eurogroup meeting in Luxembourg, Monday, Oct. 6, 2008. EU finance ministers are beginning two days of talks to plot a strategy to contain the turmoil sweeping European banks and to debate ways to increase oversight of the financial sector.
European Central Bank President Jean-Claude Trichet, left, talks with Spain's Finance Minister Pedro Solbes at the start of the Eurogroup meeting in Luxembourg, Monday, Oct. 6, 2008. EU finance ministers are beginning two days of talks to plot a strategy to contain the turmoil sweeping European banks and to debate ways to increase oversight of the financial sector.