Trichet Defends ECB Against Criticism From Sarkozy - by Simon Kennedy and Sandrine Rastello
President Jean-Claude Trichet defended his European Central Bank against criticism from French leader Nicolas Sarkozy that the ECB botched its response to turbulence in financial markets. The two Frenchmen embarked upon another war of words after Le Monde reported that Sarkozy yesterday called it ``curious'' how the ECB had not cut interest rates at the same time as it ``facilitated speculators'' by pumping money markets with cash.
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