Economic squeeze in Europe has hit 'rock bottom': ECB's Trichet
The president of the European Central Bank said Saturday that the economic squeeze has "hit rock bottom," telling Italian television that he expects a "gradual revival" over the course of 2009. "Going by our calculations, just published, during the second and third quarters of this year, we hit rock bottom," Jean-Claude Trichet told RAI 1 on the sidelines of an economic forum attended by political leaders at Lake Como, Italy.
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