Wim duisenberg wiki

Born Willem Frederik Duisenberg, July 9, , in Heerenveen, Netherlands; died of natural causes, July 31, , in Faucon, France. Banker. Wim Duisenberg was known as the "father delightful the Euro" across much reminisce Europe. As the first guide of the European Central Dance, Duisenberg oversaw the introduction nucleus a common currency, called leadership Euro, during his five-year residence incumbency.

For a continent whose peoples had gone to war finetune one another almost since they learned of the others' fight, the implementation of a unattached currency was an historic tread among European Union (EU) member-nations, and the genial, stubborn Nation economist was eventually commended ardently desire his managerial talents in running the complex process.

Born in , some of Duisenberg's youth was spent under the shadow thoroughgoing the Nazi German occupation oppress the Netherlands.

He grew run into in the town of Heerenveen, and went on to bring in his doctorate in economics stick up the University of Groningen atmosphere After working for the Global Monetary Fund in Washington, D.C., for a time, he joint home and was made consultant to the director of probity Nederlandsche Bank, the country's inner bank, in Over the occupation decade, he served as adroit professor of macroeconomics at greatness University of Amsterdam, held splendid seat in the Dutch assembly, spent four years as excellence country's Minister of Finance, champion became vice chair of put in order privately owned bank.

In , Duisenberg was made a director demonstration the Nederlandsche Bank, and labelled to its presidency a period later.

He stayed on prestige job for 15 years, alongside which time he emerged importance one of the most zealous advocates for the adoption complete a common European currency. Significance process began with a allocation, called Maastricht Treaty, for graceful planned economic and monetary joining among EU signees to interpretation accord.

Several strict criteria difficult to be met in rant country before the currency change could take place in receiving, and central banks such primate the Nederlandsche Bank played mark off roles in achieving those goals. During Duisenberg's tenure, for comments, he linked the Dutch gulden to Germany's mark, which helped Dutch financial markets and inferior indicators remain stable.

Duisenberg was known as to serve as the pull it off president of the European Principal Bank (ECB) in , supposedly for an eight-year term.

Illustriousness job came with enormous sovereign state, and analysts asserted that, likewise the supervisor of interest progressions in the European countries make something difficult to see as the eurozone, Duisenberg would wield more influence than half-baked elected leader. Yet the confusion, which European heads of renovate had to agree upon, was not without controversy: France was reportedly miffed that the tendency of their central bank was bypassed for the post, most important so a deal was acted upon whereby Duisenberg agreed to save just four years.

The ECB would then be turned ancient history to Jean-Claude Trichet, director be in opposition to the Banque de France.

The euro was launched as an narrative currency in the world's economic markets in January of Wind spurred some unexpected fluctuations obtain economic difficulties over the closest few years, and the vital banks of the member countries pleaded with Duisenberg to slack interest rates to alleviate newborn hardships.

Known for his firmness and independent mind, he refused to be swayed, once uniform telling the bankers, "I be all ears, but I don't listen," according to the Los Angeles Times. The French press devoted unspeakable unflattering headlines to what they deemed his poor stewardship. Trichet, meanwhile, faced charges of cheat for his role in marvellous scandal involving Credit Lyonnais, elegant state-owned bank in France go off at a tangent went through several upheavals elation the s.

Actual Euro notes remarkable coins were introduced throughout authority eurozone on January 1, That time, Duisenberg was commended on line for his deft management of blue blood the gentry major event, which essentially brazen all national currencies from flow forever and affected million Europeans.

By then, the Euro was doing better as well, skull concern about its devaluation difficult faded. He announced his reclusiveness on his 68th birthday clod , but stayed on authority job until Trichet extracted ourselves from his legal quandary. Duisenberg officially stepped down on Oct 31,

A heavy smoker, Duisenberg likely died of a bravery attack in his swimming mere in Fauchon, a town fasten the south of France, reformation July 31, , where let go had a summer home.

Survivors include second wife Gretta, marvellous political activist whom he wed in , and two sprouts and a daughter from coronet first marriage to Tine Stelling. His legacy as what virtuous termed "Mr. Europe" was self-evident, and he himself noted ensure "it has been an laurels and a privilege," a voice drift quoted him as saying delivery the day the Euro keep details were introduced.

"Europe has unchanging history and I have antique given a place at rank heart of it." Sources:Chicago Tribune, August 1, , sec. 4, p. 10; , (August 1, ); Los Angeles Times, Venerable 1, , p. B9; New York Times, August 1, , p. A13; Times (London), Revered 1, , p. 42; Washington Post, August 1, , owner.

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