Quote of the day - its the c-banks fault!

European Central Bank Governing Council member Miguel Angel Fernandez Ordonez said Thursday the world's developed economies face a deep slowdown. In his opinion the world's central banks are to blame for the global financial crisis. I guess we all know the major recipient of his message!
Does he think that low interest rates rather than lack of regulation are to blame? There is at least one smart central banker.

"This global, accommodative period, the risks of which were highlighted by some economists at the Bank of International Settlements, surely was the most important factor contributing to the crisis".