It was the sort of man-to-man appeal no political official wants to make, especially for someone in a position of great authority during exceptionally trying times. Jean-Claude Trichet was the head of the European Central Bank and after having survived, arguably, the worst monetary panic since the Great Depression, here he was not very long afterward facing so much the same problems with nowhere else to turn.
So desperate, Federal Reserve Chairman Ben Bernanke would characterize this conversation with Trichet as a “personal appeal.”
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