Trichet Says Global Slowdown Obvious, Central Banks Can't Be Only Game in Town

The video discusses market expectations regarding the European Central Bank (ECB) and its potential actions, highlighting the independence and credibility of central banks. It addresses the global economic slowdown, particularly in the US and Europe, and debates the roles of monetary and fiscal policies. The video emphasizes the need for shared responsibility among various economic actors, including governments and the private sector, to address economic challenges and avoid low inflation traps.

In what ways should Europe consider fiscal policy in addition to monetary policy?

What responsibilities do various partners have in addressing the economic situation?