Sunday, February 20, 2011

Trichet Says `Capacity to React' Needed in ECB's Successor to Presidency

European Central Bank President Jean-Claude Trichet said long-term vision and being ready to act in exceptional circumstances are key job qualifications for the candidate to replace him in November.
“All presidents of central banks, governors of central banks, need, at the same time, a long-term sense -- because we’re asked to insure price stability in the long term,” Trichet told Europe 1 radio today when asked to describe the qualities needed for his successor. They also “need a sense of direction and the capacity to react in exceptional circumstances,” he said.
 http://www.bloomberg.com/news/2011-02-20/trichet-says-capacity-to-react-needed-in-ecb-s-successor-to-presidency.html

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