Trichet Says ECB Regards Greece Aid Plan as ’Positive’ Solution

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By Jana Randow and Christian Vits

April 12 (Bloomberg) -- European Central Bank President Jean-Claude Trichet said he considers European leaders’ aid plan for Greece as “positive” and urged the Greek government to “vigorously” implement its consolidation efforts.

“I consider the decision that was taken at the weekend to implement technically the heads agreement at the level of the governments of the euro area as positive,” Trichet told reporters in Frankfurt today. “We expect all parties concerned to continue to be up to their responsibilities and of course the Greek government implementing vigorously the additional measures taken and that we had qualified as convincing in the Governing Council.”

Dollar gains versus euro

    The dollar gained against the euro and the pound, but fell versus the yen on Monday as equities ended mixed and investors continued to worry about finding a concrete solution for Greece's mounting debt.

   What prices are doing: The dollar was up 0.7% versus the euro to $1.3678 and rose 1% against the British pound to $1.5053. Against the Japanese yen, the dollar slid 0.09% to ¥90.49.