Trichet Sees G-7 Opportunity Window for Currency Accord
This article is for subscribers only.
Former European Central Bank President Jean-Claude Trichet said there is a “window of opportunity” for the world’s advanced economies to strike a fresh accord against competitive devaluations.
“Almost everyone seems to be saying, ‘taking everything into account, if my currency goes down it would be better -- in any case I would not like it to go up’,” Trichet said in an interview in Paris. “Maybe we have a sort of window of opportunity to go a bit further than we have in the stabilization relation between large convertible currencies.”