ECB Says Trichet Travel Change Due to Logistics

The official story from the European Central Bank is that Mr. Trichet was worried about missing a connection.

[mserve id=”Central_Bank_ECB_Jean-Claude_Trichet.jpeg” align=”left” width=”400″ caption=”ECB President Jean-Claude Trichet” alt=”European Central Bank President Trichet” title=”ECB President Jean-Claude Trichet”]

European Central Bank President Jean-Claude Trichet is changing his plans to leave Australia and return to Europe purely because of logistics, an ECB spokesman said on Tuesday.

“The problem was that at the last minute his departure time from Australia was changed because there was some concern that he would not catch a connecting flight and therefore miss the EU summit,” spokesman Wiktor Krzyzanowski told Reuters.

Earlier on Tuesday, officials at the Reserve Bank of Australia and the ECB said Trichet was cutting short a working visit to Australia so that he could attend a special European Union summit on the economy in Brussels this Thursday.

According to the RBA and the ECB’s own website, Trichet had been scheduled to stay in Australia until Wednesday.

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza