Trichet: ECB support temporary not QE, backs recovery

The demarcation between one reality and another tends to be matter of perceptive. The ability to manipulation these perspectives is called spin or MOPE. Non-standard measures intended to ensure price stability can easily be viewed as quantitative easing, or vice versa.

"All our non-standard measures help restore a more normal monetary policy transmission mechanism which is necessary to fulfill our primary mandate of accomplishing price stability," Trichet said in a speech at a conference organized by Germany's Political Club.

"It is not to be confused with quantitative easing policies that aim to reduce longer-term interest rates."

Source: reuters.com