One-on-One: Jean-Claude Trichet with Stephen Sackur - 42nd St. Gallen Symposium





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Published on May 11, 2012

Topic Leader:
Stephen Sackur (GB)
Presenter HARDtalk, BBC Television Centre

Jean-Claude Trichet (FR)
Former President, European Central Bank (ECB)

The former President of the European Central Bank (ECB), Jean-Claude Trichet, is the first of two guests the respected BBC HARDtalk presenter Stephen Sackur hosts in his One-on-One conversations at the St. Gallen Symposium. In his eight years at the helm of the ECB, Jean-Claude Trichet has seen the best and the worst of European policy making. Having achieved a reputation as an independent central banker not giving in to political pressure, he led the ECB to a trusted institution and the Euro to a globally respected currency. With the financial crisis hitting hard the European economy, his fight in the last years of his tenure was to provide liquidity to the market, controversially ease monetary standards by buying bonds of debt-burdened governments and, at the same time, uphold monetary policy standards laid down in the European treaties. Extraordinary situations required extraordinary measures, and so his efforts increasingly targeted to save the single currency itself. The One-on-One looks back on European monetary policy, examines the measures taken and -- by looking beyond crisis management -- assesses the future of the Euro and its positioning in a world where the economic weights are shifting.

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