After the fun – the real challenge
Jean-Claude Trichet himself was taken by surprise, other central bankers say. When the French government nominated him as the first president of the European Central Bank last November, the governor of the Banque de France was immediately shielded by his good friends Hans Tietmeyer, Wim Duisenberg and the rest of the central banking fraternity.
Their public mateyness was no stunt. Fellow central bankers are evidently embarrassed for Trichet, since in their view his nomination was a back-handed compliment designed to humiliate the man whose monetary policy the French government has long resented.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
