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European Central Bank
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"The president of the ECB is also the spokesperson for the governing council," Mr. Trichet noted.
While the Fed and the BoJ joined some emerging market countries in the rush to debase their currencies, the ECB is sticking to a more hawkish policy stance -- at least for the time being.
Like all Irish banks, Allied Irish relies on short-term ECB funding to keep its doors open after customers withdrew large amounts of deposits.
The ECB is outside that narow spectrum, just like all types of social democrats or conservatives.
Like all Irish banks, Allied Irish relies on huge amounts of short-term ECB funding to keep its doors open, after customers withdrew large amounts of deposits.
The ECB president also said inflation expectations in the euro zone confirm that the ECB is complying with its primary mandate of assuring price stability.
Ireland, trying mightily to satisfy the ECB, is finding that cutting spending and raising taxes might just be producing the downward spiral that American President Barack Obama and Britain's shadow-chancellor-in-waiting Ed Balls have been warning about.
Banks appear to have taken the opportunity to roll over shorter-term ECB loans into three-year loans, based on the lower demand for this week's three-month and one-year auctions.
The ECB is gradually phasing out the emergency help to banks introduced at the height of the financial crisis in 2008.
Although ECB is most concerned about the elected public servants, the bigger issue is really with the bureaucrats that actually run the government.