Trichet's law

This article accuses Jean-Claude Trichet of portraying himself on Thursday as less willing to understand the problems of the European economy than Wim Duisenberg, the current ECB president. His unfortunate choice of words was therefore, more likely to have been a signal that he intends to uphold the credibility of the ECB at all costs, rather than a statement of policy, the article concludes.

First published in the UK edition of the Financial Times, 12 September 2003.

No one should have expected

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