With Wall Street on a fourth of July holiday weekend it was up to Europe to cap the week on the markets, and they closed with a whimper, down everywhere.
When is the market misery to end? One who should know is the European Central bank boss Jean-Claude Trichet, and he insists that we all have a role to play in the recovery. “Households themselves have to ability to greatly help the recovery. If they are more confident they will consume more, and companies will start to invest again. Confidence is the key.” The ECB boss has a number of salient points to make about his role and the world economy, and the full exclusive interview with Jean Claude Trichet is on euronews all this weekend.