Trichet Says Danger of Deflation Is 'Totally Over'

The transcript discusses the European Central Bank's (ECB) dovish stance, highlighting the absence of an end date for quantitative easing (QE) programs. It argues that the ECB's policies have been successful, with a robust economy and manageable inflation expectations. The danger of deflation is considered over, and the ECB plans to start tapering next year. The decision to taper is seen as justified, and future decisions will be based on data collected over time.

What does the term 'dovish' refer to in the context of the ECB's policy?

What are the potential consequences of being too dovish according to the text?

How has the ECB's policy been described in terms of its success?

What indicators suggest that the danger of deflation is over?

What is the significance of tapering in the context of ECB's decisions?