Forex Blog: Currency Trading News & Analysis.

August 1st 2005

Father of the Euro currency found dead

Wim Duisenberg, former head of the European Central Bank, passed away at age 70. Mr. Duisenberg served this position from 1998 until 2003, during which he steered the multi-sate adoption of the Euro common currency. He has since been replaced by Jean-Claude Trichet. Economists and politicians continue to argue over who deserves the brunt of the blame for the Euro’s current troubles. However, all agree that Mr. Dusienberg should be commended for his leadership, in successfully implementing the Euro-system without agreement on economic and monetary policy. The Fiancial Times reports:

On Sunday a European Commission spokesman said: “As the first president of the European Central Bank Mr Duisenberg played a decisive role in the building of the monetary union and to the success of the introduction of the euro. “His dedication and determination as the head of the ECB allowed for the rapid establishment of the independence, credibility and competence of this institution.”

Read More: Enemy of inflation who steered euro

SocialTwist Tell-a-Friend
Posted by Adam Kritzer | in Euro | No Comments »

Sponsored Offers

FREE Daily Email Updates

Enter your email address:

Delivered by FeedBurner

Have Questions? Want to Share Your Review?

Be heard. Please share your reviews today!

Neighboring Posts

© 2004 - 2024 Forex Currency charts © their sources. While we aim to analyze and try to forceast the forex markets, none of what we publish should be taken as personalized investment advice. Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen. Forex trading & investing involves a significant risk of loss.