Not for me to judge

Asked if he had made any mistakes in recent weeks, Trichet had this to say:

“This is not for me to judge. History will do that. Last week (former German Chancellor) Helmut Schmidt described the performance of the ECB as flawless.”

At least he’s not blaming the specs:

It is not a question of an attack on the euro. It is to do with the public sector and hence to do with financial stability in the euro area,” he said. “It’s clear that the chief responsibility of Europeans is to take appropriate measures to counteract the current tensions in Europe.”