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And Trichet is also in full agreement with the decisions taken by the Council.

That's not quite what Juncker says.

Et Jean-Claude Trichet ?

Si le président de la BCE n'avait pas été d'accord avec la double décision prise aujourd'hui, compte tenu de sa crédibilité, la réaction des marchés aurait été funeste.

"And JC Trichet?

If the President of the ECB had not agreed with the double decision taken today, given his credibility, the reaction of the markets would have been terrible"

That is "I'm not going to say what Trichet's opinion is, but the market is all knowing and all powerful and they like Trichet so given that the sky hasn't fallen, the Trichet must have indicated to the market that he agrees".

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Fri Feb 12th, 2010 at 03:02:35 PM EST
That means Juncker says Trichet agreed. What else?
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Feb 12th, 2010 at 03:05:24 PM EST
[ Parent ]
In a circuitous way.

But the way he says it is telling: if Trichet hadn't agreed the markets would have punished us. Since the markets didn't punish us you can draw your own conclusions.

I guess Quatremet didn't need to interview Juncker, he could have gotten the same mileage out of watching the market ticker.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Fri Feb 12th, 2010 at 03:09:24 PM EST
[ Parent ]

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