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Trichet: Carney risks “enormous volatility”

In an exclusive interview, the former head of the ECB says the eurozone is past the worst

By Jay Elwes   September 2013

Trichet: “the risk of dramatic events in the euro area has considerably alleviated”

Finally, there is some good news from Europe. Jean-Claude Trichet, the former President of the European Central Bank, believes that the crisis in the eurozone has moved out of its most dangerous phase. Speaking exclusively to Prospect, Trichet, who until 2011 was the most powerful central banker in Europe, said that the “risk of dramatic events in the euro area has considerably alleviated.” The eurozone crisis has held back the British and global economies from returning to…

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