Author: | Warner, J. Peterson, T. |
Title: | It'll be a bumpy ride |
Journal: | Business Week
1998 : MAY 18, VOL. 3562:892, p. 24-25 |
Index terms: | EUROPE BANKS EUROPEAN MONETARY SYSTEM |
Language: | eng |
Abstract: | The brouhaha is over, and European Monetary Institute President Wim Duisenberg is no doubt steeling himself for his new job as president of the European Central Bank. Under a controversial compromise forged by France and Germany at a summit of European heads of state on May 4, Duisenberg, who is Dutch, will split his eight-year term with Bank of France Governor Jean-Claude Trichet. The deal sparked fears that the ECB could fall hostage to politics when it takes over the job of setting interest rates from national central banks on July 1. |
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