FRANKFURT (MNI) – European Central Bank Jean-Claude Trichet has
helped to ensure price stability in the Eurozone and has fiercely
defended the independence of the central bank, Eurogroup head
Jean-Claude Juncker said Wednesday at an event to honour Trichet.
Under Trichet, the ECB has ensured “price stability in the euro
area,” Juncker said.
He rejected recent criticism that Trichet had endangered the
central bank’s independence by buying government bonds of troubled
Eurozone countries and offering in-depth advice on national fiscal
policies.
“Nobody tried to endanger the independence of the central bank.
Certainly looking at Jean-Claude Trichet, nobody would have dared to,”
Juncker said.
–Frankfurt bureau tel.: +49-69-720142. Email: frankfurt@marketnews.com
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