The day before Christmas seems to be a very special day. In 2013 the IMF decided to publish a Rogoff/Reinhart study on sovereign debt (restructurings) on Christmas Eve, possibly in an effort to avoid too much press attention. This year former European Central Bank President Jean-Claude Trichet choose the 24th of December to give his first interview in which he openly spoke about a possible global currency reset. In traditional central banker speak he calls it a ‘window of opportunity’ for a ‘G7 Currency Accord-deal’ towards a ‘stabilization relation between large convertible currencies.’ In our language an opportunity for a global monetary reset.

