NYTIMES / 2 screen read/ short Profile
The critics are beginning to dissect, and in some cases pan, the 8 years of Jean-Claude Trichet's leadership at the ECB...departing just as his beloved euro is under extreme pressure.
Trichet, 68, retires in October.
NYT: "...just as Alan Greenspan went from being lionized to lacerated after his years at the Federal Reserve were quickly followed by the global financial collapse, these missteps threaten to tarnish Trichet’s legacy.
Trichet may be remembered “as a charming and talented leader who failed to grasp the gravity of the crisis,” said economist Charles Wyplosz."
Some economists contend that Trichet chose the wrong fight...against inflation by raising interest rates even in the face of new austerity measures...instead of promoting growth.
Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- BRASIL: 08 Feb UPDATE: Fire In Rio's "Samba City" Destroys Many Carnaval Floats.
- SPAIN: 20 Arrested After Baggage Fees Riot On Ryanair.
- COLOMBIA: CAUGHT: 11-year-old Smuggling 74 Cell Phones And Gun Into Medellin Prison.
- AUSTIN / FRANCE / MEDIA : Lance Armstrong Denies Bullying Others; Claims People Will Forgive Him...Like Bill Clinton.
- ARGENTINA / FRANCE : 13 Sept UPDATE: DNA Results Show Vera And Lasi Killed 2 French Students In Salta.
- BOLIVIA : Sole Plane Crash Survivor Describes Ordeal: Drinking Urine, Eating Bugs.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- SERBIA / SPAIN / USA : Djokovic Wins US Tennis Open, Beating Nadal; Ranked #1.
- MEXICO : The Tragic Decline of Industrial Powerhouse Monterrey.