Date(s) - 10/18/17
Chicago Council on Global Affairs
Jean-Claude Trichet, Chairman, Bruegel and former President, European Central Bank
It was only recently that some economists were calling for the death of the euro. Yet economic data released in July indicates stronger-than-expected growth across the bloc this year, with Spain expanding at rates not seen since before the financial crisis and the Eurozone as a whole enjoying its lowest unemployment in nine years. It appears that Europe may have finally cemented a robust and broad-based economic recovery. With political sentiment also positive after the rejection of Eurosceptic parties at the polls—and despite Brexit—is the European Union ready to address more fundamental questions about the structure of the single currency area? Can member countries agree on proposed reforms such as an EU finance minister and a Eurozone budget? What must be done to secure the future of the Euro in the long term?
Chairman, Bruegel and former President, European Central Bank
Jean-Claude Trichet is chairman of the Board of Directors of Bruegel. He is also honorary chairman of the Group of Thirty, and European chairman of the Trilateral Commission. In 2003, he was appointed president of the European Central Bank for a term of office of eight years. He was previously elected chairman of the Group of Ten Governors in June 2003. He was made chairman of the Monetary Policy Council of the Banque de France in 1994, a member of the Council of the European Monetary Institute from 1994 to 1998, and thereafter a member of the Governing Council of the European Central Bank. Trichet also served as chairman of the European Monetary Committee from 1992 until his appointment as governor of the Banque de France in 1993. He has held numerous positions in France’s Ministry of Economic Affairs and the Treasury, including as director of the Treasury.