Lessons from the Crisis: Challenges for the Advanced Economies and for the European Monetary Union
Jean-Claude Trichet delivered the eleventh Stavros Niarchos Foundation Lecture at the Peterson Institute on May 17, 2012. Trichet, who recently stepped down as President of the European Central Bank, discussed the current euro crisis in the context of the evolution of Europe and particularly its future prospects.
Jean-Claude Trichet began his career in the French Ministry of Finance in 1974. He became chairman of the Paris Club on sovereign debt rescheduling in 1985 and director of the Treasury Department in 1987. He moved to governor of the Banque de France in 1993, serving there until 2003. Trichet was a founding member of the Governing Council of the European Central Bank from 1998 and became its president in 2003. He has participated intensively in international economic groupings, both in Europe and globally, throughout his career.
The Niarchos Lecture is the Institute's premier annual event. Previous speakers in the series, which began in 2001, have included Alan Greenspan, Ernesto Zedillo, Lawrence Summers, Long Yongtu, Mario Monti, Heizo Takenaka, Petr Aven, Nandan Nilekani, Niall Ferguson, and John Lipsky. These events are made possible by a generous grant from the Stavros Niarchos Foundation, whose support enables the Institute to present a major program each year on a topic of central concern to the US and international policy communities.