Trichet plays down 'nuclear option' to end Greece crisis


Jean-Claude Trichet, the president of the European Central Bank (ECB), said on Thursday that the ECB had no plans to buy government bonds, and that Greece's fiscal crisis would instead be battled through austerity measures.

In his remarks following a meeting with the ECB's Governing Council in Lisbon, Trichet reiterated the Bank's commitment to overcoming the contagion spreading in Europe and called for decisive actions by governments to achieving a lasting and credible consolidation of public f

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