This is an important global issue which should be taken up by bodies such as the G20. This particular problem is not impossible to solve in the medium and long run. Zeit: Returning to the issue of inflation. The problem is in fact that, during the crisis, the central banks – including the European Central Bank – flooded the economy with money.
No one knows if you or your successor will be able to reabsorb this money in a timely fashion. Trichet: First of all, the ECB has not flooded the economy with money. While adopting a range of non-standard measures, we have never lost sight of the fact that our mandate is to deliver price stability.