I can only conclude that either (a) The Onion has hacked the WSJ or (b) the world economy is in very very very bad shape indeed.
JCT splains exactly what he's done to earn the prize:
"We have thereby been safeguarding the euro's purchasing power," Mr. Trichet said in Kiel. The ECB will continue to do what is necessary to deliver price stability, Mr. Trichet said. "There is no moment of complacency," he added. "We have to deliver price stability."
Previous winners of this prestigious prize include Herbert Hoover, Richard Nixon, Gordon Gono, Andrew Mellon and Georg Friedrich Knapp.
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