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Trichet is “faultless”

SAO PAULO | By Marcus Nunes via HistorinhasIn an interview he dwells on financial fragility and the Great Recession was an “inconvenience”: “Of course, we had to cope with a number of additional challenges on top of the grave and immediate threat of the collapse of the system. We had also to cope with the Great Recession, but very fortunately not the Great Depression that we would have had had we not acted swiftly and boldly at the start of the crisis. Even so, the Great Recession added to the difficulty.”