"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Thursday, December 01, 2005

Interest rates rise in Euroland

Last month, Jean Claude Trichet , European Central Bank President, warned the FOREX markets that the ECB would raise interest rates after a long hiatus of five years to preempt incipient inflationary pressures. His comment strengthened the euro, but very briefly.

The ECB announced a 0.25% increase to its benchmark rate to 2.25 percent today.

Recent blogs on same topic here

at 12/01/2005 09:19:00 pm

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