| Jean Lemierre | ||||||
Jean Lemierre, former secretary of the French Treasury, was appointed president of the EBRD last May, just as the institution approached its tenth anniversary and the most successful transition economies of central and eastern Europe finalized their applications for EU membership. Lemierre took the reins of an institution in no mood to celebrate. It is still suffering from financial losses and loss of confidence after the 1998 crisis in Russia, the country that alone accounts for 20% of the EBRD’s investments.
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