Trichet disappoints

I was keenly looking forward to this year’s LK Jha memorial lecture. After all, the lecture was to be delivered by Jean Claude Trichet (President, ECB). The lecture was held y’day and was a sheer disappointment.

The title was pretty good – “The growing importance of emerging economies in the globalised world and its implications for the international financial architecture” and I was expecting some insights from the great speaker. He does not offer any different insights and simply speaks on predicted patterns- Emerging economies are important, their role is expanding etc etc.

Anyways, let’s wait for his future speeches.

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