“There is a tendency among some investors and market participants to underestimate Europe’s ability to take bold decisions,” Trichet said in an interview with France’s Liberation published on the ECB’s website today. “In their defence, I would simply say that the institutional structure of Europe is very different to what they are used to, especially on the other side of the Atlantic. The decision-making processes are not the same. But it would be a mistake to underestimate Europe, in general, and the euro area, in particular.”
Trichet also said the ECB’s current monetary policy is “appropriate.”
For more: Trichet Says It Would Be a Mistake to Underestimate Euro Area - BusinessWeek
No comments:
Post a Comment