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Changing of the guard - Challenges ahead for the new ECB president

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  • Guntram B. Wolff

Abstract

Jean-Claude Trichet deserves praise for fighting inflation and his handling of the financial crisis of 2007-2009. But his legacy is unfinished and we still have to see whether he will be the one who saved the euro. Important challenges remain for the incoming president. First, trust of citizens in the ECB has fallenmassively according to the Eurobarometer survey inmany euro area countries, including Germany and Greece. Trust needs to be...

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  • Guntram B. Wolff, 2011. "Changing of the guard - Challenges ahead for the new ECB president," Policy Contributions 600, Bruegel.
    • Handle: RePEc:bre:polcon:600
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    1. Zsolt Darvas, 2011. "Debt Restructuring in the Euro Area: a Necessary but Manageable Evil?," Working Papers 1104, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
    2. Paul De Grauwe, 2013. "The European Central Bank as Lender of Last Resort in the Government Bond Markets," CESifo Economic Studies, CESifo Group, vol. 59(3), pages 520-535, September.
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