Trichet seeks way out of dilemma

Writer of article suggest that the escalating drama over the debt crisis in Greece during 2011 has confronted Jean-Claude Trichet, European Central Bank president, with one of the biggest dilemmas of his career.

On the one hand, he wants to prevent the crisis becoming a threat to the eurozone’s stability. On the other, he sees the ECB’s crisis-fighting role as near its political – and legal – limits.

ESO: Background information: The Greek debt crisis of 2010 http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

ESO: Background information: Find other Commentary Features in ESO on Challenges facing EMU http://www.europeansources.info/advSearchLink?keyword=commentary%20feature%20emu%20challenges%20&searchOption=all

ESO: Background information: ECB will continue to accept Greek debt / Greek bail-out holds ‘impossible knot’ http://www.europeansources.info/record/ecb-will-continue-to-accept-greek-debt-greek-bail-out-holds-impossible-knot/

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