Trichet highlights advanced economy failures

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The crisis has served as "an incredible x-ray picture" on advanced economies, and has revealed fundamental weaknesses in their strategies, Jean-Claude Trichet, the president of the European Central Bank (ECB), on Monday said.

"It's not only a European problem. It's a global problem. The crisis has revealed weaknesses in the overall strategies of advanced economies," Trichet said to room of students and others at the London School of Economics. However, Trichet said the ECB's commitment to price

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