Difference between revisions of "Jean-Claude Trichet"

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Jean-Claude Trichet of France was president of the [[European Central Bank]] (ECB)<ref>{{cite web|url=http://www.ecb.int/ecb/orga/decisions/html/cvtrichet.en.html|name=The President of the European Central Bank Jean-Claude Trichet|org=European Central Bank|date=July 28, 2008}}</ref> from 2003 until October 2011, when he was replaced by [[Mario Draghi]].<ref>{{cite web|url=http://mobile.bloomberg.com/news/2011-10-31/draghi-takes-ecb-helm-in-battle-mode-as-debt-crisis-torments-policy-makers|name=Draghi Takes ECB Helm in Battle Mode as Debt Crisis Torments Policy Makers|org=Bloomberg|date=January 17, 2011}}</ref> Trichet succeeded Dutchman [[Wim Duisenberg]] in 2003 after a compromise deal had been reached within the EU to give each a half-term at the helm.  
Jean-Claude Trichet of France was president of the [[European Central Bank]] (ECB)<ref>{{cite web|url=http://www.ecb.int/ecb/orga/decisions/html/cvtrichet.en.html|name=The President of the European Central Bank Jean-Claude Trichet|org=European Central Bank|date=July 28, 2008}}</ref> from 2003 until October 2011, when he was replaced by [[Mario Draghi]].<ref>{{cite web|url=http://mobile.bloomberg.com/news/2011-10-31/draghi-takes-ecb-helm-in-battle-mode-as-debt-crisis-torments-policy-makers|name=Draghi Takes ECB Helm in Battle Mode as Debt Crisis Torments Policy Makers|org=Bloomberg|date=January 17, 2011}}</ref> Trichet succeeded Dutchman [[Wim Duisenberg]] in 2003 after a compromise deal had been reached within the EU to give each a half-term at the helm.  


He has said he agrees with U.S. authorities when they say that a "[[strong dollar]]" is in the interest of the United States.<ref>{{cite web|url=http://m.washingtontimes.com/news/2010/oct/7/euro-briefly-above-140-amid-currency-war-fears/|name=Euro briefly above $1.40 amid currency war fears|org=The Washington Times|date=March 21, 2011}}</ref>
Trichet received both praise and criticism regarding the ECB's response to the eurozone credit crisis, which began in 2009 and continued into 2012. According to Trichet, "We have tried to be as cautious, prudent and measured as possible but to be in denial of the fact that we have the worst crisis since World War Two would be, in my opinion, the most terrible mistake we could make." <ref>{{cite web|url=http://www.telegraph.co.uk/finance/financialcrisis/8808571/Jean-Claude-Trichet-the-eurozone-crisis-in-quotes.html|name=Jean-Claude Trichet: the eurozone crisis in quotes|org=The Telegraph|date=January 17, 2012}}</ref>


He contends that private-sector involvement is "fully consistent" with existing policies of the [[International Monetary Fund]] (IMF).<ref>{{cite web|url=http://m.washingtontimes.com/news/2010/nov/28/ireland-bailout-talks-complete-eu-ok-deal/|name=EU approves bailout deal for Ireland|org=The Washington Times|date=March 21, 2011}}</ref>
He contended that private-sector involvement is "fully consistent" with existing policies of the [[International Monetary Fund]] (IMF).<ref>{{cite web|url=http://m.washingtontimes.com/news/2010/nov/28/ireland-bailout-talks-complete-eu-ok-deal/|name=EU approves bailout deal for Ireland|org=The Washington Times|date=March 21, 2011}}</ref>


Awards he's received have included "Policy maker of the year", International Economy magazine, since 1991, Prize "Zerilli Marimo", Académie des Sciences morales et politiques since 1999, and International prize "Pico della Mirandola" since 2002.<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/private/person.asp?personId=27829731&privcapId=5477563&previousCapId=5477563&previousTitle=European%20Central%20Bank|name=European Central Bank|org=Bloomberg BusinessWeek|date=March 21, 2011}}</ref>
Awards he's received have included "Policy maker of the year", International Economy magazine, since 1991, Prize "Zerilli Marimo", Académie des Sciences morales et politiques since 1999, and International prize "Pico della Mirandola" since 2002.<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/private/person.asp?personId=27829731&privcapId=5477563&previousCapId=5477563&previousTitle=European%20Central%20Bank|name=European Central Bank|org=Bloomberg BusinessWeek|date=March 21, 2011}}</ref>
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== Latest News ==
== Latest News ==
On June 30, 2011, Trichet spoke to a group of lawmakers in Brussels, suggesting that the July 2011 interest rate could rise despite the debt struggle in Greece.<ref>{{cite web|url=http://www.bloomberg.com/news/2011-06-30/trichet-signals-july-interest-rate-rise-as-greece-tries-to-avoid-default.html|name=Trichet Signals July Interest Rate Rise As Greece Tries to Avoid Default|org=Bloomberg|date=June 30, 2011}}</ref>
On October 31, 2011, Trichet handed the ECB presidency to Italian ECB member [[Mario Draghi]].<ref>{{cite web|url=http://uk.finance.yahoo.com/news/Draghi-replaces-Trichet-new-digilook-3820780665.html|name=Draghi replaces Trichet as new ECB president|org=Yahoo Finance UK & Ireland|date=January 17, 2012}}</ref>


== References ==
== References ==
<references />
<references />


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Latest revision as of 20:47, 12 February 2014


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Jean-Claude Trichet
Trichet.jpg
Occupation President
Employer European Central Bank

Jean-Claude Trichet of France was president of the European Central Bank (ECB)[1] from 2003 until October 2011, when he was replaced by Mario Draghi.[2] Trichet succeeded Dutchman Wim Duisenberg in 2003 after a compromise deal had been reached within the EU to give each a half-term at the helm.

Trichet received both praise and criticism regarding the ECB's response to the eurozone credit crisis, which began in 2009 and continued into 2012. According to Trichet, "We have tried to be as cautious, prudent and measured as possible but to be in denial of the fact that we have the worst crisis since World War Two would be, in my opinion, the most terrible mistake we could make." [3]

He contended that private-sector involvement is "fully consistent" with existing policies of the International Monetary Fund (IMF).[4]

Awards he's received have included "Policy maker of the year", International Economy magazine, since 1991, Prize "Zerilli Marimo", Académie des Sciences morales et politiques since 1999, and International prize "Pico della Mirandola" since 2002.[5]

Background[edit]

Trichet, a career public-service bureaucrat, had previously been appointed to consecutive terms as governor of the Banque de France beginning in 1993 and had previously worked in the French government's Treasury Department, which he first joined in 1975. He was also chairman of the Paris Club for sovereign debt re-scheduling from 1985 to 1993 and from 1987 served as alternate governor to both the World Bank until 1995 and the International Monetary Fund (IMF) until 1993. He also served a year until his appointment to the Banque de France as chairman of the European Monetary Committee.

Education[edit]

Like many high-ranking members of the French government and bureaucracy, Trichet is a graduate of the Ecole Nationale d'Administration (ENA). He is also a graduate of the Institut d'études politiques de Paris and a graduate of the Ecole nationale d'administration.

Latest News[edit]

On October 31, 2011, Trichet handed the ECB presidency to Italian ECB member Mario Draghi.[6]

References[edit]