January 2009
Trichet’s balancing act
‘Banks will not forget that their job is to lend’
‘Let’s stick to the rules’
THE INTERVIEW TAKES place in Jean-Claude Trichet’s 35th-floor office in the Eurotower. While the view of a cold, grey, seemingly deserted Frankfurt is expansive, the office itself is remarkably austere. A George Soros volume figures prominently on a row of bookshelves evidently stacked for reading, not display. A bank of six telephones on a conference table connects him to the other key players in the unfolding drama of the past year or so.
The only touch of luxury is a framed late-Renaissance map of Europe that, as Trichet points out with amusement, has Ireland and England as one political entity. He smiles when Euromoney points out to him that the map also encompasses such countries as Iceland, once ruggedly...
