There is no euro crisis, says ECB chief Trichet

Berlin - European Central Bank (ECB) chief Jean-Claude Trichet on Sunday defended the success of the euro currency, in an article written for German Bild am Sonntag newspaper.

'There is no euro crisis. What we are currently observing in some eurozone countries is primarily a debt crisis in public budgets,' Trichet wrote.

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Euro crisis solution lies in political arena

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IRELAND BADLY needs a strategy to handle the euro zone crisis, rather than reacting defensively to all its latest twists and turns. This requires a political as well as an economic understanding of the dynamics in play at European and national levels.

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Surely, it was one of the greatest escapes in Britain’s history.

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