Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Originally published Saturday, May 15, 2010 at 3:52 AM

Comments (0)     E-mail E-mail article      Print Print      Share Share

Trichet: economy in deepest crisis since WWII

The President of the European Central Bank is quoted as saying that he still sees Europe's economy in its deepest crisis since World War II or even World War I.

The Associated Press

BERLIN —

The President of the European Central Bank is quoted as saying that he still sees Europe's economy in its deepest crisis since World War II or even World War I.

German News weekly Der Spiegel on Saturday reported that Jean-Claude Trichet said that since the beginning of the financial crisis in 2008 "we have experienced and we are experiencing really dramatic times."

In an interview to be published Monday, Trichet linked the recent exacerbation of the eurozone's debt crisis to the 2008 collapse of the U.S. investment bank Lehman Brothers, saying "the markets didn't work anymore."

Trichet was further quoted as saying that there was no doubt the economy "is in its most difficult situation since World War II or perhaps even since World War I."

E-mail E-mail article      Print Print      Share Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

Comments
No comments have been posted to this article.

advertising


Get home delivery today!

Video

Advertising

AP Video

Entertainment | Top Video | World | Offbeat Video | Sci-Tech

Marketplace

Advertising