BRUSSELS (MNI) – China must make good on its G20 commitment to
relax its control over its currency, European Central Bank President
Jean-Claude Trichet said on Tuesday.
“We clearly have communicated as the Prime Minister [Jean-Claude
Juncker] and [European Commissioner for Economic and Monetary Affairs]
Olli Rehn said, that it was very important for us that the commitment
made on the 19th June would be confirmed, which, as far as I understand,
has been the case,” Trichet told reporters at a press conference.
Trichet was speaking after talks with Chinese Premier Wen Jiabao,
Rehn and Juncker in Brussels on Tuesday.
Wen didn’t attend the press conference on Tuesday but said on
Monday in Brussels that the major reserve currencies should remain
“relatively stable.”
–Brussels: 0032 487 (0) 32 803 665, echarlton@marketnews.com
[TOPICS: MT$$$$,M$$FX$,M$$EC$,M$X$$$,M$$CR$,MGX$$$]