Wednesday, October 5, 2011

Nouriel Roubini : Trichet made many policy mistakes

Nouriel Roubini interviewed by Reuters Oct. 3 - about Jean-Claude Trichet As he comes towards the end of his eight years at the head of the ECB, global economist Dr Doom Nouriel Roubini rates his tenure.: I would give him 7 , he did better than average but there were many policy mistakes , one was to increase policy rates too soon in 2008 when the economy was going through a recession and the financial crisis was becoming worse and the second mistake was to make the same mistake this year by again raising policy rates and leading to even more financial crisis and insolvency and currency crisis in the periphery of the Euro Zone '

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