Jean-Claude Trichet in the ECB eight-year term will end today, tomorrow World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor , Italian officials Drudge will succeed Jean-Claude Trichet as the ECB President for a term beginning November 1, 2011 to 2019 October 31.
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with the Federal Reserve, European Central Bank, one of the important goals is to maintain price stability, and its performance variable is the level of inflation. Under the leadership of Jean-Claude Trichet, European Central Bank into the market at very low interest rates, large amounts of cash, and take the purchase of government bonds to provide support for countries such as Greece and Ireland. However, the impact of the global economic situation, the euro-zone inflation rate since the end of 2010 exceeded the warning level of 2% after soaring, the European Central Bank followed by two more rate hikes, many market participants once criticized the European Central Bank European debt crisis to a more dangerous situation.
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widely speculated that Drudge will inherit the line of Trichet, on the one hand, continue to allow the ECB to play a key role in addressing the debt crisis in Europe World Pipe network informed, while price stability as the ECB's preferred target.
European Central Bank is the latest interest rate decision will be announced on November 3, it will be Mario Draghi to succeed Jean-Claude Trichet after the first meeting on interest rates. The United States is expected, the ECB's benchmark interest rate will remain unchanged, but will start cutting rates in December.
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EU summit to resolve the debt crisis before to reach a package agreement, which should be a memorable event for Jean-Claude Trichet. ECB Executive Board member Stark said that Trichet is a great European crisis manager ". The euro area has no real political leadership, Jean-Claude Trichet has become the "leaders".
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