Word: duisenberg
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...DUISENBERG, outgoing president of the European Central Bank, threatening to fine euro-zone countries that break the deficit limit
...been charged with complicity in falsifying accounts to hide losses of then state-owned bank Cr?dit Lyonnais in the early 1990s when he headed the French Treasury. The verdict clears the way for Trichet to become the next president of the European Central Bank after current head Wim Duisenberg steps down in October...
Veteran gamblers know not to count their money until the dealing is finished, and now the European Central Bank is learning the same lesson. Jean-Claude Trichet, the governor of Banque de France, was expected to take over the E.C.B. when Wim Duisenberg resigns the presidency next July. But the succession was thrown into confusion last week when a French magistrate ordered Trichet to stand trial for his role in the huge losses at Crédit Lyonnais during the 1990s, when it was still state-owned and he headed the French Treasury. Trichet protests his innocence and prosecutors previously...
...Chinese; in Dharamsala, India. Inheriting the leadership role from her father, a former chieftain, Pachen was captured and imprisoned for 21 years after attempting in 1960 to flee to India. Her autobiography, Sorrow Mountain: The Journey of a Tibetan Warrior Nun came out in 2000. RESIGNATION ANNOUNCED. Of WIM DUISENBERG, 66, Dutch first president of the European Central Bank, who will step down in July 2003, three years before the end of his term; in Maastricht. On his appointment, the French government claimed it had reached an agreement that he would retire early to make way for a French candidate...
...itself mired in a deep recession, and an Irish economy that seems on the verge of overheating is fundamentally naive. The choice of which countries’ economies to support is a daunting and unrewarding one for the unelected bureaucrats who control the European Central Bank under Gov. Wim Duisenberg. Indeed, he has already been styled “Dim Wim” by the British tabloids for his frequent lapses in judgement. The inevitable consequences of partial economic integration for vast swathes of Europe seem to be either spiralling inflation or ballooning unemployment...