Word: trichet
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...about regime change by armed force in Iraq. But last week, the mood was as sweet and satisfying as a Schweizerdeutsch dessert - mit Schlag. U.S. Vice President Dick Cheney and Attorney General John Ashcroft arrived in Davos weighed down with olive branches, while European Central Bank president Jean-Claude Trichet praised American optimism, and Iranian academic Mahmood Sariolghalam said that Iraq was poised to become a symbol of success in the Middle East...
...ACQUITTED. JEAN-CLAUDE TRICHET, 60, governor of the Bank of France; in Paris. Trichet had 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...
...also belong. Then, to convince the club that they are truly unable to pay back outstanding loans, petitioners must do a virtual striptease, disclosing their most sensitive financial data. "One of the unwritten rules is that the confidentiality of a debtor country's economic and financial statistics is sacrosanct," Trichet explains...
...First Boston International in New York City: "Only if commodity prices rise faster than interest rates can Latin America make it." In other words, Jean-Pierre Marlet at the Club de Paris may be getting more misdialed calls than usual this year, and over at the Louvre, Jean-Claude Trichet may be working harder than ever...