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“The crisis has reached a systemic dimension,” said European Central Bank President Jean-Claude Trichet on Tuesday. “Sovereign stress has moved from the smaller economies to some of the larger countries. The crisis is systemic and must be tackled decisively.”
Swiss Federal Statistical office is to announce change in month on month producer price index on Thursday. Producer inflation declined 1.2% in September, compared to August.
“The crisis has reached a systemic dimension”
- Jean-Claude Trichet, the European Central Bank President