Trichet Says Europe Can Resolve Its Debt Crisis by Showing Determination

http://www.bloomberg.com/news/2011-07-17/trichet-says-europe-can-surmount-sovereign-debt-crisis-euro-not-in-danger.html?cmpid=

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European Central Bank PresidentJean-Claude Trichet said Europe can surmount its sovereign debt crisis by showing the will and determination to do so.

“Naturally the Europeans can manage the issue,” Trichet said in an interview with the Financial Times Deutschland, according to a transcript released yesterday by the Frankfurt-based ECB. “It is not a question of technique. It is a question of will and determination.”

Trichet said the euro is not in danger and remains “a highly credible currency.” He reiterated that the ECB will not accept as collateral bonds from a nation that defaults.