Trichet: Europe Is Flexible on Tapering

The transcript discusses the differences in bond purchase strategies between the US and Europe, highlighting the flexibility of the European Central Bank (ECB) compared to the US. It covers the economic recovery in Europe, the impact of the pandemic, and the Purchasing Managers' Index (PMI). The conversation also compares inflation rates in the US and Europe, emphasizing the importance of core inflation. Finally, it touches on the role of the ECB's Governing Council in making informed decisions based on future economic projections.

In what ways can economic divergences between Europe and the US affect policy decisions?

How does the current inflation situation in Europe compare to that in the US?

What are the implications of the pandemic program for the ECB's future decisions?