Monday, October 31, 2011

Interview with an ECB president

with Stephanie Flanders

BBC News

October 31, 2011

There are not many who have played a more central role in the financial dramas in Europe over the past few years than Jean-Claude Trichet - criticised by some for doing too little to support the European single currency, by others for doing too much.

You'll be interested to hear that Mr Trichet thinks he has got it just right.

In an extended interview, timed to coincide with his last day in office, the man who has led the European Central Bank for the past eight years told me the institution had done its job well - both before and during the recent turmoil. After all, inflation had been stable, and so had the value of the currency.

I asked him whether he regretted saying the euro had been "an anchor of stability during the financial crisis"' in December 2008. Not at all, he said. "It still is."


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