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Leaders reflect on Trichet's reign

Wednesday, October 05, 2011 - 02:20

Oct. 05 - European financial leaders reflect on Jean-Claude Trichet's eight years at the helm of the European Central Bank, ahead of his last meeting as president.

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Europe's financial leaders share their thoughts on Jean-Claude Trichet's legacy as President of the European Central Bank, ahead of his last meeting on Thursday (October 6). The Frenchman will turn over the reins of the ECB to Bank of Italy Governor Mario Draghi at the end of October as the 17-nation euro zone struggles to contain a flaring debt crisis that some economists say threatens its very existence. He's attended "EcoFin" meetings for the last 24 years, as director of the French treasury, governor of the Bank of France and then as ECB President. The Frenchman staunchly defended the ECB's mandate of keeping inflation under control and played a key role in crafting Europe's response to the 2008-2009 financial crisis. But he has also taken hits for the ECB's attempts to calm tensions on debt markets by buying bonds of euro zone states with the weakest public finances. European financial leaders reflect on the highs and lows of his tenure, including: EU Commissioner Joaquin Almunia, former UK Chancellor Alistair Darling, OECD Secretary-General Angel Gurria, Nouriel Roubini of Roubini Global Economics, the former Governor of the Bank of Israel Jacob Frenkel, Jim Rogers of Rogers Holding, former EU Commissioner Mario Monti, former Belgian PM Guy Verhofstadt, former Greek Finance Minister Yannis Papantoniou and IFO President Hans-Werner Sinn.

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Leaders reflect on Trichet's reign

Wednesday, October 05, 2011 - 02:20