Trichet at the ECB's Central Banking Conference

In his closing speech at the Fourth ECB Central Banking Conference given on 10 November Jean-Claude Trichet of the ECB said in assessing the success of central bank policy, the historical context always needs to be taken into account.

"Political, institutional, and economic circumstances need to be adequately considered. During the run-up to Monetary Union, money and monetary analysis played a crucial role in the experiences of most central banks in Europe. Viewed in this context, the ECB's

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