Jean-Claude Trichet: Jean-Claude Trichet: Debt, Stimulus & inflation in The Eurozone....
If inflation had an arch-enemy, it would be Jean-Claude Trichet. Since assuming his position as president of the European Central Bank (ECB) in November 2003, the Frenchman has made inflation-fighting his M.O. Trichet and his fellow ECB board members have a steely resolve to keep the 16-nation Eurozone’s inflation rate as close to the bank’s 2% target as possible. And although inflation isn’t a problem at the moment, many believe it’s only a matter of time before it will be. So inflation-fighter Trichet has made a pre-emptive call for restraint. In an interview with Europe 1 radio, Trichet said that with many European governments swimming in debt and massive amounts of money pumped into the ailing Eurozone economy, debt accumulation and stimulus efforts should stop.
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