Trichet's Trials Why the ECB Can't Solve Europe's Financial Crisis

The European Central Bank has done its bit to fight the financial crisis by keeping the money market afloat and cutting interest rates. But its powers are limited, and its efforts risk being undermined by the chaotic, confused response of EU governments to the turmoil over the last week.
European Central Bank President Jean-Claude Trichet can dictate monetary policy, but he cannot control the disposal of taypayers' money needed to solve the financial crisis.

European Central Bank President Jean-Claude Trichet can dictate monetary policy, but he cannot control the disposal of taypayers' money needed to solve the financial crisis.

Foto: REUTERS