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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (59382)	4/24/2006 7:00:36 PM
From: CalculatedRisk	Read Replies (4) \| Respond to of 110194

About Bernanke ... "Every Breath You Take," by Dean Glenn Hubbard www0.gsb.columbia.edu

To: ild who wrote (59382)	4/24/2006 7:35:18 PM
From: shades	Respond to of 110194

ECB's Trichet: EU Growth Held Back By Structural Issues (how do you get all those diverse people to just give up thousand year hatreds and melt together?) By Michael S. Derby Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--European Central Bank President Jean-Claude Trichet said Monday the European economy needs more flexibility and structural reforms to improve its growth rate. "The lack of sufficient structural reform in Europe is, in my view, a major cause of the gap in economic growth between Europe and the U.S.," Trichet said in comments prepared for delivery before a group at the Council on Foreign Relations in New York. "If euro countries now summon up their strength and ambitiously push forward with structural reform, this will support and broaden the improvement in economic activity in the Euro area," he said. He saw reason to think this will happen, saying countries in the E.U. "are in the process of reforming" their economy "so as to adapt it to future challenges." "The diagnosis is very clear" for what the problems are, he said. Implementation is now "the key word" for economic reforms, Trichet said. Specifically, the ECB head said "increasing competition toward establishing efficient and well-functioning product markets is another prerequisite for higher medium to long-term growth," Trichet said. Meanwhile, "the use of flexible forms of work such as part time and temporary work would also provide further working incentives," the central banker said. -By Michael S. Derby, Dow Jones Newswires; 201-938-4192; michael.derby@dowjones.com (END) Dow Jones Newswires April 24, 2006 18:42 ET (22:42 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 06 42 PM EDT 04-24-06