Press Contacts - Jean-Claude Trichet - EU4JOURNALISTS. Mr B1G - Jean-Claude Trichet - Wiki. Jean-Claude Trichet (pronounced: [ʒɑ̃ klod tʁiʃɛ]; born 20 December 1942) is a French civil servant who was the president of the European Central Bank from 2003 to 2011. He is also a member of the Board of Directors of the Bank for International Settlements. In 2008, Trichet ranked fifth on Newsweek’s list of the world's most powerful along with economic triumvirs Ben Bernanke (fourth) and Masaaki Shirakawa (sixth).[1] Biography[edit] Born in Lyon, France of a Jewish[citation needed] family, Trichet was educated at the École des Mines de Nancy, from which he graduated in 1964.
In 1987 Trichet became a member of an influential Washington-based financial advisory body, the Group of Thirty. Trichet succeeded Mario Monti as chairman of the European branch of the Trilateral Commission in 2012.[5] He is a member of the Steering Committee of the Bilderberg Group.[6] Banking scandal[edit] 2009 Banking Crisis[edit] Criticism[edit] Personal life[edit] Honours and awards[edit] References[edit]
Executive Board E.C.B. Members of the Executive Board February 2014 Terms of office – past and present The Executive Board consists of the President Vice-President and four other members All members are appointed by the European Council, acting by a qualified majority. Responsibilities to prepare Governing Council meetings; to implement monetary policy for the euro area in accordance with the guidelines specified and decisions taken by the Governing Council. Members Click on a photo to enlarge Share + European Central Bank home page.
Contact. Euro Rescue Fund Faces Political Demands. Related German GDP, Economy, Consumption, Labor Market Europe’s rescue fund faces political demands that risk hobbling its response to emergencies as the 17 euro-area governments prepare to ratify its overhaul. The fund, known as European Financial Stability Facility, would have to wait for a request from a debt-hit government before buying its bonds in the secondary market, its new statute shows. The extra step, along with German lawmakers’ demand for control, may make it less responsive than the European Central Bank, which has bought 115.5 billion euros ($167 billion) of bonds in the past 16 months to calm markets.
“What’s clear is that even if the EFSF is ostensibly equipped to react swiftly in an emergency, it will be much less dynamic than the ECB,” said Daniela Schwarzer, senior analyst at the Berlin-based German Institute for International Politics and Security. ‘Acting With Unanimity’ The overhauled fund will wield 440 billion euros. Collateral Demands German Debate Sweeping Control. About EFSF. European Central Bank News.