Hooray for Trichet!

So the Paris courts have once and for all cleared Banque de France governor Jean-Claude Trichet and his predecessor Jacques de Larosiere from the unfounded allegations that had been made about their role in the Credit Lyonnais affair more than 10 years ago. A rather sheepish Yves Bot, the public prosecutor, has had the decency to accept that there was no point in pursuing the case any further by lodging an appeal against the court's ruling: "Everything has been said - we must move on now."

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