Defend Truth

Europe’s top banker bears sort of good news

Europe’s top banker bears sort of good news

Jean-Claude Trichet, the president of the European Central Bank, claimed on Thursday that the worst is over and the Eurozone economy was out of freefall. Then came the hedging part: the pace of recovery will be gradual and the visibility low. While some of the countries, like Germany and France, Greece, Poland, Portugal and the Czech Republic are already out on positive growth, the performance of some, led by the UK, have dragged the overall economic activity in the zone to negative growth of 0.2%, prompting Trichet to keep the ECB interest rate unchanged at 1%.

Gallery

Please peer review 3 community comments before your comment can be posted

A South African Hero: You

There’s a 99.7% chance that this isn’t for you. Only 0.3% of our readers have responded to this call for action.

Those 0.3% of our readers are our hidden heroes, who are fuelling our work and impacting the lives of every South African in doing so. They’re the people who contribute to keep Daily Maverick free for all, including you.

The equation is quite simple: the more members we have, the more reporting and investigations we can do, and the greater the impact on the country.

Be part of that 0.3%. Be a Maverick. Be a Maverick Insider.

Support Daily Maverick→
Payment options

MavericKids vol 3

How can a child learn to read if they don't have a book?

81% of South African children aged 10 can't read for meaning. You can help by pre-ordering a copy of MavericKids.

For every copy sold we will donate a copy to Gift of The Givers for children in need of reading support.