Jean-Claude Trichet, a member of the Board of Directors of the Bank for International Settlements, was President of the European Central Bank (2003-2011) and President of the Bank of France (1993-2003).
Fiscal and certain other economic policies in eurozone countries should be subject to activation of a “federation by exception.” Instead of imposing fines on countries that transgress rules and ignore… read more
The widespread introduction of unconventional monetary-policy measures by major central banks has been a defining characteristic of the global financial crisis. While a broad range of such measures ha… read more
Whenever people seek a justification for European integration, they are always tempted to look backwards. But there are as many reasons to strive towards “ever closer union” in Europe today as there w… read more