Summary of Put the House in Order

An Interview with Former European Central Bank President Jean-Claude Trichet

Boston Consulting Group, more...

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Put the House in Order summary
Don’t think that the financial storm is over, warns former central banker Jean-Claude Trichet.

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7 Overall

8 Importance

7 Innovation

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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
  • Why turbulence is the new norm
 

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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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.


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