Trichet, Jean-Claude

(redirected from Jean-Claude Trichet)
Also found in: Financial, Wikipedia.

Trichet, Jean-Claude

(zhäN-klōd trē`shĕ), 1942–, French banker and government official, b. Lyons. During the 1970s Trichet held a number of French finance and treasury positions and in 1978 was appointed an adviser to the minister of economic affairs and then to the French president, Giscard d'Estaing. From 1981 Trichet largely worked in the French treasury department, becoming its director in 1987. He was chairman (1992–93) of the European Monetary Committee until he became governor (1993–2003) of the Bank of France.

As president (2003–11) of the European Central Bank (ECB), which sets monetary policy for the eurozone nations (see European Monetary SystemEuropean Monetary System,
arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabilize foreign exchange and counter inflation among members.
..... Click the link for more information.
), Trichet focused on fighting inflation. During the 2007–8 financial crisis and the subsequent eurozone government debt crisis, he led the generally conservative ECB in a number of moves designed to stabilize eurozone finances, including bending ECB rules to buy government bonds; these moves at times gave the ECB a broader, more active role than envisioned in its mandate, but at the same time he reemphasized the ECB's limited role and remained focused on government austerity measures as the main solution.

References in periodicals archive ?
With the Federal Reserve's highly anticipated interest rate decision just two days away, former European Central Bank (ECB) president, Jean-Claude Trichet, has urged the American central bank to be free from the opinions of the IMF and the World Bank.
THE family of Brian Lenihan has every reason to feel aggrieved his name has been tarnished by Jean-Claude Trichet.
In addition to Dr Bernanke, former European Central Bank president Jean-Claude Trichet will join a lineup of other highly-respected thinkers and influential policy-makers who will offer GFMF delegates a broad and balanced analysis of world market conditions and potential in 2014.
Parliament has also planned to hold several hearings on the work of the Troika with the Commissioner for Economic and Monetary Affairs, Olli Rehn, former President of the European Central Bank Jean-Claude Trichet, and Director of the European Stability Mechanism Klaus Regling.
Three letters from the then president of the European Central Bank, Jean-Claude Trichet, to the late Finance Minister Brian Lenihan culminated in an insistence that Ireland apply for a bailout or risk being cut off from support.
Former European Central Bank (ECB) president, Jean-Claude Trichet, will take part in National Bank of Kuwait (NBK)'s annual international symposium, focusing on the European debt crisis and the challenges of the global financial crisis.
National Bank of Kuwait (NBK) will host G30 Chairman and former President of the European Central Bank Jean-Claude Trichet for its annual international symposium in Kuwait.
But the move came as surprise as ECB watchers had not expected Draghi to announce any cut in interest rates just yet, only two days after taking over from Jean-Claude Trichet of France.
Defends independence of ECB * European Central Bank President Jean-Claude Trichet said in a newspaper interview the euro zone sovereign debt crisis was not yet over and that it was too early for the all-clear signal.
The Treaties for the European Union must be changed to prevent instability in one member spreading to the rest, stated European Central Bank President Jean-Claude Trichet.
Outgoing ECB President Jean-Claude Trichet argues that the central bank's delivery of price stability under his presidency has been superior even to the Bundesbank's over the past fifty years.
At the end of a weekend of frantic activity to prevent a repeat of last week's market meltdown, European Central Bank president Jean-Claude Trichet announced plans to activate a bond-purchase programme.
Full browser ?