As for a "gradual recovery aided by a fall in oil prices" Trichet could not possibly be more off base. Falling oil prices are a result of a slowing world economy. Trichet's statement can roughly be translated to "the economy will pick up because the economy is slowing".
damn i love economists..
thanks to Mish.. http://globaleconomicanalysis.blogspot.com/
Groan.
Where do these clowns come from ???