French prosecutor recommends no trial for Trichet

FRANCE - The Paris prosecutor's office recommended last Friday that Jean-Claude Trichet, the governor of the Bank of France, should not be put on trial over the Credit Lyonnais bank scandal.

The affair has cast doubt over Trichet's prospects of taking over next year as ECB president, so the recommendation from prosecutor Jean-Pierre Dintilhac is seen as a major breakthrough. If his advice is followed by the magistrate heading an inquiry into the scandal, the path will be clear of legal obsta