Trichet Says "No More Stimulus"

trichetIn an interview with The Wall Street Journal, Jean-Claude Trichet says that instead of Gordon pushing new measures at the G20, governments around the world should move faster on what they’ve already announced. The president of the ECB said Europe doesn’t need to boost spending more to combat the global financial crisis, effectively backing the Tory position that we need time for the monetary stimulus to work and for the already announced measures to be enacted.

Hyperactivity by the government on the announcements front is not being matched by the delivery of policy goals.


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Quote of the Day

Expelled Tory MP, Richard Benyon, on the short three-day Programme Motion for the Withdrawal Agreement Bill:

“Whether you had three days, three weeks or three months debating this, you would not hear one original argument that we hadn’t otherwise heard in this process…”

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