In September 2007, Jean-Claude Trichet was responding to the pressures of a Nicolas Sarkozy, eager to see a drop in the euro : "We are independent" was the reply lashing from the boss of the european central Bank. After the periods of inflation of the 1960s and 1970s in the West, due in large part to the manipulation of currency by the political power for electoral purposes, the new paradigm to be imposed is that of the independence of central banks : they would henceforth be autonomous and free from political influence. But are they truly independent, not... Article reserved to subscribers
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Phoebe – The New Deal is not what it is believed
Updated Date: 16 July 2020, 10:33