Summary of Put the House in Order

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Rating

7 Overall

8 Importance

7 Innovation

7 Style


Recommendation

As president of the European Central Bank from 2003 to 2011, Jean-Claude Trichet had a front row seat to the unravelling of Europe’s economy. His experience in that role, as well as in his current position at the helm of the Group of Thirty think tank, gives him a unique perspective on Europe’s recovery. Speaking to Rich Lesser of the Boston Consulting Group, Trichet warns that, while Europe has come a long way, governments shouldn’t become complacent. getAbstract recommends Trichet’s warnings to executives, investors and policy makers concerned about the euro zone’s future.

In this summary, you will learn

  • How advanced economies are recovering from the global financial crisis,
  • Why many nations must undergo radical structural reforms to put the crisis behind them and
  • Why turbulence is the new norm.
 

About the Speaker

Jean-Claude Trichet, chairman of the Group of Thirty think tank, was president of the European Central Bank from 2003 to 2011. Rich Lesser is the Boston Consulting Group’s president and CEO.

 

Summary

The world economy has recovered considerably from the global financial crisis. The global financial system is much more “resilient, robust and solid.” However, heralding an end to the crisis is premature. Many structural problems persist...

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