STAY TOUGH ON DEFICITS, SAYS TRICHET

EUROPEAN Central Bank boss Jean-Claude Trichet is pushing countries to cut their deficits to combat the crisis battering the Eurozone. “All governments must apply in their entirety the decisions we adopted in Brussels on 21 July ,” he told Spanish media. He also praised Spanish banks for shoring up their balance sheets, and said their positions had improved considerably, but said the country “should remain permanently alert”.