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Analysts Comments

Jean-Claude Trichet, European Central Bank president

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15 May 2008 @ 11:26 am EST
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Thomson Financial News - "The present turbulences have, once more, demonstrated that opacity regarding the stance of markets, financial instruments or financial institutions is a recipe for catastrophe. In the prelude to an episode of uncertainty and turbulence, absence of transparency inevitably triggers contagion and negative herd behaviour - we saw this at the heart of the Asian crisis, we very much also see it at the heart of the present episode."

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