The Point : economists often work on crisis scenarios. When you were governor of the european central Bank, have you anticipated what we live today ?
Jean-Claude Trichet : no, not exactly ! We can test out the resilience of the economy and of financial institutions in a context of very serious crisis, regardless of the cause internal or external : natural disasters, war, terrorist attack, cyber attack, epidemic, pandemic. For example, the last test for europe, published two months ago, had a recession with a 4.3 % decrease in combined…
