The European Central Bank appears to have entered calmer waters, at least for now. With the eurozone economic recovery on track, Jean-Claude Trichet, president, wanted to keep the optimism in check at his regular monthly press conference this afternoon.
Perhaps, the ECB had learnt a lesson from the false hopes created in the US? But it is easier to be cautious when things are going well, than to try to spread a little optimism when things are going badly. Read more