Trichet Comments on ECB, the Fed and BoE

Earlier today Jean-Claude Trichet, former president of the European Central Bank sat down in an interview with CNBC Europe and made various comments on current events and Central Banks.

Abnormal

“If you look at the increase in the size of balance sheets since the crisis erupted in 2007, you see the same order of magnitude: at least 12 percent of gross domestic product… You see something which is profoundly abnormal in the U.K., Japan, Europe, and the U.S.,”

Eurozone would be fine with UK Exit

“Let us not forget that even without the U.K., the population of the euro area is already more numerous than the U.S… On top of that, you have a number of countries that are eager to enter. In particular, the biggest is Poland, which is the biggest country in central and eastern Europe.”

To view the interview click here

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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
Alfonso Esparza

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