ECB-ology

Something to keep an eye on - "brutal" means "enought already!"
FT.com :

"Mr Trichet took a hawkish tack, confirming expectations that the ECB will hike in June, possibly even by a outsize 50 basis points. But that was not really the point. Instead the market was surprised that Mr Trichet chose not to comment on the euro’s sharp rise against the dollar. Twice in 2004 Mr Trichet referred to similar moves as “brutal”, helping to head off further euro gains. So far this time neither Mr Trichet nor any of his colleagues have spoken out."