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Jean-Claude Trichet (born 20 December 1942) is a French civil servant who is the current president of the European Central Bank since 2003. Trichet ranks 5th on the world's most powerful by Newsweek along with economic triumverates Ben Bernanke(4th) and Masaaki Shirakawa(6th).
[edit] Biography
Trichet was born in Lyon, France and educated at the École des Mines de Nancy. He later trained at the Institut d'etudes politiques de Paris (best known as Sciences Po) and the Ecole nationale d'administration, two French higher education institutions in the field of political science and state administration.
In 1987 Trichet became a member of an influential Washington-based financial advisory body, the Group of Thirty. Later, in 1993 he was appointed governor of Banque de France. On 1 November 2003 he took Wim Duisenberg's place as president of the European Central Bank. (Most European Union leaders present at a 1998 special summit believed that Wim Duisenberg had agreed to a compromise with the French representatives and would step down from his office halfway through his eight-year term.)[1]
[edit] Banking scandal
In January 2003 Trichet was put on trial with 8 others charged with irregularities at Credit Lyonnais, one of France's biggest banks. Trichet was in charge of the French treasury at that time. He was cleared in June 2003 which left the way clear for him to move to the ECB.[2]
[edit] References
[edit] External links
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