Trichet confident consumers will buoy French econ

Bank of France governor Jean-Claude Trichet painted an upbeat picture of the French economy Feb 19, 2001 insisting strong domestic demand and robust consumer spending will help protect it from a slowing U.S. In an interview on national radio, Trichet however urged further measures to tackle job shortages in France, including loosening rules on overtime for sectors short of skilled labor.

In the interview, Trichet also rejected criticism that the European Central Bank has not followed the U.S.