Jean-Claude Trichet facts for kids
Quick facts for kids
Jean-Claude Trichet
|
|
|---|---|
.jpg)
Trichet in 2011
|
|
| President of the European Central Bank | |
| In office 1 November 2003 – 31 October 2011 |
|
| Vice President | Lucas Papademos Vítor Constâncio |
| Preceded by | Wim Duisenberg |
| Succeeded by | Mario Draghi |
| Governor of the Bank of France | |
| In office 19 September 1993 – 1 November 2003 |
|
| Preceded by | Jacques de Larosière |
| Succeeded by | Christian Noyer |
| Personal details | |
| Born |
Jean-Claude Trichet
20 December 1942 Lyon, France |
| Spouse |
Aline Rybalka
(m. 1970) |
| Children | 2 |
| Education | École nationale supérieure des mines de Nancy University of Paris Sciences Po École nationale d'administration |
| Signature |  |
Jean-Claude Trichet (born December 20, 1942) is a French economist and an important public official. He was the head, or President, of the European Central Bank (ECB) from 2004 to 2011. Before that, he was the Governor of the Bank of France from 1993 to 2004.
After leaving the ECB, Mr. Trichet gave many talks across France. He also joined the board of directors for the Bank for International Settlements. He was asked to advise a group called Bruegel on economic plans. In 2008, Newsweek magazine listed him as one of the world's most powerful people in economics.
Contents
Early Life and Education
Jean-Claude Trichet was born in Lyon, France, in 1942. His father was a professor of Greek and Latin. He went to the École des Mines de Nancy and graduated in 1964.
He later earned a master's degree in economics from the University of Paris. He also studied at two famous French schools: Sciences Po (from 1966) and the École nationale d'administration (ENA) from 1969 to 1971. These schools train people for important jobs in government.
Career in Public Service
Leading the French Treasury
From 1987, Mr. Trichet was the head of the Trésor public, which is like the French Treasury. In this role, he led the Paris Club, a group of countries that lend money. He helped deal with debt problems in many parts of the world.
He also became a member of the Group of Thirty, a financial advisory group. Soon after taking his job at the Treasury, Mr. Trichet helped create a policy for a "strong franc." This was done to prepare France for joining a currency union with Germany. In 1993, he helped make the Bank of France independent, allowing it to set its own interest rates.
Governor of the Bank of France
In 1993, Mr. Trichet was chosen to be the Governor of the Banque de France. Both as the head of the French Treasury and then as Governor of the Bank of France, he was seen as one of the main people who helped create the European monetary union. This union led to the creation of the euro currency.
President of the European Central Bank
By 1997, the French Prime Minister and President suggested Mr. Trichet for the top job at the European Central Bank. This was a very important position. He took over from Wim Duisenberg on November 1, 2003.
During his time as President, Mr. Trichet guided the ECB through the European debt crisis. This included a program to help stabilize government bond markets in the Eurozone.
Other Activities and Roles
After his time at the ECB, Mr. Trichet continued to be involved in important organizations.
International Organizations
- European Central Bank: He was the Chair of the Ethics Committee from 2016 to 2019.
- European Systemic Risk Board (ESRB): He was the Chair from 2010 to 2011.
Corporate Boards
- European Aeronautic Defence and Space Company: He joined the board in 2012.
- PIMCO: He has been a member of their Global Advisory Board since 2015.
Non-Profit Organizations
- Bruegel: He has been the Chairman of the Board since 2012.
- Trilateral Commission: He became chairman of the European branch in 2012.
- Bilderberg Group: He is a member of the Steering Committee.
- Bretton Woods Committee: He has been a member of the Advisory Council since 2020.
Political Views
During the euro crisis, Mr. Trichet spoke out about economic policies. He called for a central finance ministry to oversee spending by countries that use the euro.
In 2011, he wrote a letter with Mario Draghi to the Italian government. This letter encouraged Italy to make important economic changes, which were later put into action.
In 2015, Mr. Trichet supported the appointment of François Villeroy de Galhau to lead the Bank of France. He did this along with two other former governors.
Personal Life
In 1970, when he was 22, Jean-Claude Trichet married Aline Rybalka. She was a diplomat and translator. They have two sons: Pierre-Alexis Trichet, born in 1971, who works in marketing, and Jean-Nicolas Trichet, born in 1974, who is a musician and producer.
Honours and Awards
Mr. Trichet has received many awards and honours from different countries for his work.
France: Commander of the Legion of Honour- France: Officer of the National Order of Merit
Germany: Grand Cross 1st Class of the Order of Merit of the Federal Republic of Germany (2011)
Hesse: Knight of the Hessian Order of Merit (2011)
Luxembourg: Vision for Europe Award (2008)- Luxembourg: Collier de la Fondation du Mérite européen (2013)
Netherlands: Knight Grand Cross of the Order of Orange-Nassau (2011)
Poland: Grand Cross with Star of the Order of Merit of the Republic of Poland (2011)
Portugal: Grand Cross of the Order of Prince Henry (2010)
Bulgaria: Honorary Doctor of the University of National and World Economy in Sofia (2009)
Japan: Grand Cordon of the Order of the Rising Sun (2018)
See also
In Spanish: Jean-Claude Trichet para niños
