Thursday, August 04, 2011

Economist blog slams Trichet and ECB

Strong words from the EU fanatical Economist Magazine following Trichet's press conference of this afternoon, read here! The post ends with this damning statement:

It will take massive government intervention to stem the crisis, and even if euro-zone governments succeed there is a risk the euro-zone economy will follow its peripheral members into recession. If the euro zone does fall apart, a fitting epitaph might read, "The ECB feared 3% inflation".

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