Today, tricheretazo.

Much criticize Trichet, while there is even an online platform to stop the feet, but where you see, Trichet is on the one hand engineer Mine (I'm mineeeeero) and another degree in economics and who has all the qualities to go into Deep in the economy and financial engineering. The other day he made an interesting interview in the newspaper "Die Zeit" in which she blunt these phrases:

The central bankers have a big responsibility. If not resolved, there is a risk that inflation exploits but if we act decisively, then we can control the situation

For Europe is typical of the view that it is important to think not only in the short term but the medium and long-term thinking of responsibility to future generations

And ends with the following:

I learned from both sides. From left, the meaning of social solidarity and the right, the importance of efficiency and accountability.

Trichet will meet today with his colleagues on the ECB to see what they do with interest rates, in the past we had doubts about the decisions we take, but for today's meeting, 51 credit institutions contacted by the agency Dow Jones, 50 predicted the ECB will raise the price of money and only one that will keep it at 4 percent. So the question is: Trichet wear blue striped shirt with vertical white collar and cuffs?

On all these occasions, and many more, Jean-Claude Trichet was presented with a blue shirt and striped vertical white collar and cuffs. It seems, therefore, it is his amulet. The talisman that employs when he has to say or do something important. His favorite outfit for the big moments.

And in the meantime we have to oil it does not help anything to the ailing world economy because today we have $ 145

Yesterday, Minister of Oil of Iran, Gholam Hossain Nozari predicted that this source of energy will remain the "principal" in the coming years. The minister explained that his country, which has 11% of oil worldwide, raised from 4.3 to 5.3 million barrels per day of crude production until 2014, and that in the same period will double its refining capacity .

That some countries are lucky, they have to ministries of oil, but here we do not need because there is no crisis.

José Luis Rodríguez Zapatero made yesterday to test his credibility with the rest of parliamentary groups, and especially to the citizens. The chairman of the Government was left alone in the House of Congress to launch a message of tranquility, defending his diagnosis of the economy and explicitly deny the existence of a crisis. At best it is to apply repeatedly found that speech, off limits to members of the Government, only to the construction sector.

Thank God that construction has a minimal impact on our GDP and that the bank is on alert since late payments could rise in September.

"So far we have seen in delinquencies immigrants and property developers. In September the start of the Spanish and SMEs, which may be an avalanche, "explained sources solvent sector.

Anyway, we complain that service.

UPDATE:

The Governing Council of the European Central Bank (ECB) decided today, as the market expected a 25 basis point increase in the price of money, to 4.25%, in order to curb inflation. After keeping rates for twelve months at the highest level in six years, the ECB will be the first entity that raises money in a context of tensions in the money market, strong oil price hikes and food and slowdown economy.

Written by Carlos Lopez on July 3, 2008 with 416 reviews
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