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Jean-Claude Trichet
Jean-Claude Trichet (; born 20 December 1942) is an economist and high-ranking French official who was President of the European Central Bank from 2004 to 2011. Previous to his assumption of the presidency he was Governor of the Bank of France from 1993 to 2004. After stepping down from the European Central Bank, Trichet has taken speaking arrangements across France and was on the board of directors of the Bank for International Settlements. He was asked to join the non-doctrinal think tank, Bruegel, to consult on economic policy. In 2008, Trichet ranked fifth on ''Newsweeks list of the world's most powerful along with economic triumvirs Ben Bernanke (fourth) and Masaaki Shirakawa (sixth). Early life and education Trichet was born in 1942 in Lyon, the son of a professor of Greek and Latin. He was educated at the École des Mines de Nancy, from which he graduated in 1964. He later earned a master's degree in economics from the University of Paris and then trained at the Ins ...
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Excellency
Excellency is an honorific style (manner of address), style given to certain high-level officers of a sovereign state, officials of an international organization, or members of an aristocracy. Once entitled to the title "Excellency", the holder usually retains the right to that courtesy throughout their lifetime, although in some cases the title is attached to a particular office and is held only during tenure of that office. Generally people addressed as ''Excellency'' are heads of state, heads of government, governors, ambassadors, Roman Catholic bishops, high-ranking ecclesiastics, and others holding equivalent rank, such as heads of international organizations. Members of royal families generally have distinct addresses such as Majesty, Highness, etc.. While not a title of office itself, the honorific ''Excellency'' precedes various titles held by the holder, both in speech and in writing. In reference to such an official, it takes the form ''His'' or ''Her Excellency''; in ...
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Bruegel (institution)
Bruegel is a think tank devoted to policy research on economic issues. Based in Brussels, it launched its operations in 2005 and currently conducts research in five different focus areas with the aim of improving economic debate and policy-making. Bruegel was recognised as the best international economics think tank worldwide (non-US) and the second best think tank worldwide (US and non-US), according to the 2020 Global Go To Think Tank Report. It has a governance and funding model based on memberships from Member States of the European Union, international corporations, and other institutions. History Bruegel's name is a reference to Pieter Bruegel, the 16th-century painter whose work epitomises unvarnished and innovative depictions of life in Europe. It also stands for the "Brussels European and Global Economic Laboratory", even though Bruegel does not consider its name to be an acronym. The think tank was initially co-founded by the economists Jean Pisani-Ferry and Nicol ...
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Prime Minister Of France
The prime minister of France (), officially the prime minister of the French Republic (''Premier ministre de la République française''), is the head of government of the French Republic and the leader of its Council of Ministers. The prime minister is the holder of the second-highest office in France, after the president of France. The president, who appoints but cannot dismiss the prime minister, can request resignation. The Government of France, including the prime minister, can be dismissed by the National Assembly. Upon appointment, the prime minister proposes a list of ministers to the president. Decrees and decisions signed by the prime minister, like almost all executive decisions, are subject to the oversight of the administrative court system. Some decrees are taken after advice from the Council of State (), over which the prime minister is entitled to preside. Ministers defend the programmes of their ministries to the prime minister, who makes budgetary choices. ...
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European Monetary Union
The economic and monetary union (EMU) of the European Union is a group of policies aimed at converging the economies of member states of the European Union at three stages. There are three stages of the EMU, each of which consists of progressively closer economic integration. Only once a state participates in the third stage it is permitted to adopt the euro as its official currency. As such, the third stage is largely synonymous with the eurozone. The euro convergence criteria are the set of requirements that needs to be fulfilled in order for a country to be approved to participate in the third stage. An important element of this is participation for a minimum of two years in the European Exchange Rate Mechanism ("ERM II"), in which candidate currencies demonstrate economic convergence by maintaining limited deviation from their target rate against the euro. The EMU policies cover all European Union member states. All new EU member states must commit to participate i ...
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Banque De France
The Bank of France ( ) is the national central bank for France within the Eurosystem. It was the French central bank between 1800 and 1998, issuing the French franc. It does not translate its name to English, and thus calls itself ''Banque de France'' in all English communications. The Bank of France was originally established by Napoleon Bonaparte as a private-sector corporation with unique public status. It was granted note-issuance monopoly in Paris in 1803 and in the entire country in 1848. Long independent from direct political interference, it was brought under government control in 1936 and eventually nationalized in 1945. While other banks of issue were established in the French colonial empire, the Bank of France remained Metropolitan France's sole monetary authority until France's adoption of the euro as its currency. The Bank of France long held high prestige as an anchor of financial stability, especially before the monetary turmoil that followed World War I. In ...
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The Economist
''The Economist'' is a British newspaper published weekly in printed magazine format and daily on Electronic publishing, digital platforms. It publishes stories on topics that include economics, business, geopolitics, technology and culture. Mostly written and edited in London, it has other editorial offices in the United States and in major cities in continental Europe, Asia, and the Middle East. The newspaper has a prominent focus on data journalism and interpretive analysis over News media, original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson (businessman), James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into political economy and eventually began running articles on current events, finance, commerce, and British politics. Throughout the mid-to-late 20th century, it greatl ...
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Bank Of France
The Bank of France ( ) is the national central bank for France within the Eurosystem. It was the French central bank between 1800 and 1998, issuing the French franc. It does not translate its name to English, and thus calls itself ''Banque de France'' in all English communications. The Bank of France was originally established by Napoleon Bonaparte as a private-sector corporation with unique public status. It was granted note-issuance monopoly in Paris in 1803 and in the entire country in 1848. Long independent from direct political interference, it was brought under government control in 1936 and eventually nationalized in 1945. While other banks of issue were established in the French colonial empire, the Bank of France remained Metropolitan France's sole monetary authority until France's adoption of the euro as its currency. The Bank of France long held high prestige as an anchor of financial stability, especially before the monetary turmoil that followed World War I. In 1 ...
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Group Of Thirty
The Group of Thirty, often abbreviated to G30, is an international body of financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sectors. Areas within the interest of the group include: the foreign exchange market, international capital markets, international financial institutions, central banks and their supervision of financial services and markets, and macroeconomic issues such as product and labor markets. The group is noted for its advocacy of changes in global clearing and settlement. History The Group of Thirty was founded in 1978 by Geoffrey Bell at the initiative of the Rockefeller Foundation, which also provided initial funding for the body. Its first chairman was Johannes Witteveen, the former managing director of the International Monetary Fund. Mark Carney was the recent Chair before stepping down in January 2025 to run for election in Canada. The ...
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Paris Club
Paris Club () is a group of major creditor countries aiming to provide a sustainable way to tackle debt problems in debtor countries. Its creation, which is the first informal meeting, dates back to 1956, when Argentina agreed to hold a meeting with its public creditors. The Paris Club treats public claims (that is to say, those due by governments of debtor countries and by the private sector), guaranteed by the public sector to Paris Club members. A similar process used to occur for public debt held by private creditors in the London Club, which was organized in 1970 on the model of the Paris Club as an informal group of commercial banks renegotiating together the debt they hold on sovereign debtors (countries to which they extended loans) which were no longer able to repay. Creditor countries meet c. ten times a year for ''Tour d'Horizon'' and negotiating sessions. To facilitate Paris Club operations, the French Treasury provides a small secretariat, and the Director general ...
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Trésor Public
The Trésor public () is the national administration of the Treasury in France. It is headed by the general directorate of public finances (''Direction générale des finances publiques'') in the Ministry of the Economy, Finance and Industry. The ''Trésor Public'' is responsible for: * the accountancy of the state; * the control and help in the accountancy of public administrations and local governments; * the perception of direct taxes such as the income tax (the computation of those taxes is vested in a separate administration). History Its origins can be traced back to King of France Philip Augustus (reigned from 1165 to 1223), who transformed France into the most prosperous and powerful country in Europe. His actions brought financial stability to his country. However, the modern Treasury came into being under the leadership of superintendents of finance such as Colbert, and above all with Count Mollien in the 19th century. It accompanied and embodied the emergence of th ...
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Institut D'études Politiques De Paris
Sciences Po () or Sciences Po Paris, also known as the Paris Institute of Political Studies (), is a public research university located in Paris, France, that holds the status of ''grande école'' and the legal status of . The university's undergraduate program is taught on the Paris campus as well as on the decentralized campuses in Dijon, Le Havre, Menton, Nancy, Poitiers and Reims, each with their own academic program focused on a geopolitical part of the world. While Sciences Po historically specialized in political science, it progressively expanded to other social sciences such as economics, law and sociology. The school was established in 1872 by Émile Boutmy as the ''École libre des sciences politiques'' in the aftermath of the Franco-Prussian War as a private institution to form a new French elite that would be knowledgeable in political science, law and history. It was a pioneer in the emergence and development of political science as an academic field in France. ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ...
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