Economics
Trichet Throws Away Script, Reminds U.S. Euro Built to Last
This article is for subscribers only.
Jean-Claude Trichet stood on a stage at Washington’s Willard Hotel, leafed through his prepared speech, and cast it aside.
The reason for the European Central Bank president’s Sept. 23 ad-libbing: a desire to rebut what he called the “particularly gloomy” economic outlook of the previous panel featuring former U.S. Treasury Secretary Lawrence Summers and Pacific Investment Management Co. Chief Executive Officer Mohamed El-Erian.