Trichet still sees "accumulation of shocks"

Jean-Claude Trichet, the president of the European Central Bank (ECB) said in an interview with L'Express, a French magazine, current market conditions amount to "an accumulation of shocks that is clearly not over."

Trichet said the real effects of the turmoil in financial markets, coupled with pressures from rising food and commodity prices mean that shocks will persist in the near future.

But, he added, "I am not saying that the worst necessarily lies ahead of us. We are in the process of an

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account