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Forex News: ECB Almunia speaking on the wires

Posted by Greg Michalowski on Wed, 04/02/2008 - 7:36am in

 

  • MARCH INFLATION REPORT INCREASES CONCERNS
  • MAJOR EFFORT' TO BOOST SAVINGS IN U.S.
  • STATE FUNDS BETTER PLACED TO WITHSTAND TURMOIL
  • MORE FLEXIBLE YUAN RATE WOULD HELP CUT IMBALANCES
  • PERSISTENT IMBALANCES AT UNSUSTAINABLE LEVELS
  • SAYS GLOBAL IMBALANCES ARE CONTINUING THREAT
  • TURMOIL HAVING SOME CONSEQUENCES ON REAL ECONOMY
  • WE NEED TO ABSORB SHOCKS FROM OIL, COMMODITIES
  • ECONOMIC AGENTS SHOULD AVOID 2ND-ROUND EFFECTS