Former ECB President Trichet: Market created more expectations than were in the cards
Jean-Claude Trichet on Bloomberg:
- He wouldn't say the ECB failed today
- Market created more expectations than were in cards
- Short-term reaction should be considered important
- The ECB took serious action today
Ok, you can always blame the market. But a month ago the market wasn't expecting a big round of stimulus. Then Draghi went and stoked the fires. I don't know if Draghi cares but if we're blaming someone, it should be him.