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ECB President Favors Global Governance

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Mia Saini
Forbes
May 3, 2010

Related: Former Nazi Bank To Rule The Global Economy

Related: Trichet Calls For Corrupt BIS To Boss Global Government In CFR Speech

The President of the European Central Bank, Jean-Claude Trichet, told Forbes that global governance is extremely necessary if we want to prevent another financial crisis.

 In his prepared printed and spoken remarks to the Council on Foreign Relations, Trichet emphasized that politicians, economists, and financiers must work across the Atlantic and collaborate on methods to create an international set of standards.

It is his belief that through global governance, the resiliency of the global financial system can be assured, noting that ultimately it was governments’ use of taxpayer’s money, equivalent to around 25% of GDP on both sides of the Atlantic, that prevented another catastrophic great depression from occurring.

With the backdrop of a U.S. financial regulation bill being stuck in the Senate, he argued three main points in support of creating internationally agreed rules.

Video: ECB President On Global Governance

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This article was posted: Monday, May 3, 2010 at 4:06 am





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