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Tuesday, February 14, 2012


ECB to scale back liquidity measures


The European Central Bank is to scale back its liquidity measures amid fears they could be fuelling inflation.

The ECB President Jean-Claude Trichet said certain fiscal stimulus measures were no longer necessary.

The eurozone officially emerged from recession during the third quarter of this year, registering growth of 0.4%.

However Mr Trichet said it is still too early to declare the financial crisis over.