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Tue 09 Sep 2007Trichet sure major banks are soundEurope's banks are sound despite the confidence blow from a US subprime crisis, said the head of the European Central Bank today, while the US Federal Reserve chief in a German speech made no mention of the crisis but underscored American reliance on foreign finance.The US housing finance debacle, which resulted from massive lending to underqualified home buyers, has echoed through global financial markets where investors had snapped up the securities packaged from the loans.