Tuesday, 30 August 2011

Desperate ECB president fails to inspire

The president of the EU Central Bank, Jean-Claude Trichet, is desperate for the most recent Greek bailout package to be approved, saying the implementation of the agreement to bail out Greece was "of essence".

Trichet was upbeat about the future of the EUro and the Prime Minister of Luxembourg, Jean-Claude Juncker (who is chair of the EUrozone finance ministers), is confident that all the countries demanding collateral for their loans won't scupper the deal.

Nigel Farage was at the meeting and posted this comment to Facebook:
Trichet's speech did not inspire. Even in a room full of EU staffers it was met with silence. Do they know the game is up?
If Trichet can't even motivate a room full of rabid EUrophiles and EU/ECB employees then that doesn't exactly inspire confidence.

The EU said back in June that there is no Plan B where Greece is concerned, I hope for their sakes they were bluffing!
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