European Central Bank President Jean-Claude Trichet is struggling to convince investors that the euro region shouldn't be punished for Greece's budget problems. As Greece tries to control a record deficit and stem a slide in its bonds, Trichet said the economy of the 16-nation euro area is solid and its budget shortfall will probably be smaller than those of the U.S. and Japan this year. The comments yesterday didn't stop Spanish and Portuguese stocks from dropping on concern they are in a...
Full Story: Houston Chronicle
