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Mr Trichet - ready to take on new banking responsibilities (Photo: The Council of the European Union)

Banks ask ECB for help in eastern Europe

In a fresh plea for aid from the European Central Bank (ECB), nine leading international banks that operate in central and eastern Europe have joined forces in asking for greater help in the region.

The banks argue that funds to boost liquidity and restart lending should not be limited to the new EU member states however, but instead should also be offered to states beyond the bloc, such as Serbia and the Ukraine, reports the Financial Times.

"We fought for 50 years, many of us,...

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Mr Trichet - ready to take on new banking responsibilities (Photo: The Council of the European Union)

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