Bailout of US mortgage giants 'wise' says ECB chief

European Central Bank President Jean-Claude Trichet today welcomed the US government's decision to rescue mortgage giants Fannie Mae and Freddie Mac.

Bailout of US mortgage giants 'wise' says ECB chief
Wed, 10 Sep, 2008 - 15:51

European Central Bank president Jean-Claude Trichet today welcomed the US government's decision to rescue mortgage giants Fannie Mae and Freddie Mac.

Mr Trichet said the decision by US Treasury secretary Henry Paulson was justified because of still-turbulent financial markets.

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