VOICED: Jean-Claude Trichet retires from ECB amid eurozone debt crisis

Jean-Claude Trichet steps down as the head of the ECB during a severe euro debt crisis. He had previously introduced the euro, aiming to unify European currencies. During his tenure, he controversially bought bonds from struggling eurozone countries, a move criticized for overstepping the ECB's mandate. Critics argue he failed to address financial deregulation and income inequality. Trichet's legacy remains uncertain, with his successor, Mario Draghi, tasked with continuing his work. In retirement, Trichet plans to focus on his passion for poetry.

What was Jean-Claude Trichet's role in the eurozone during its debt crisis?

• He was the head of the European Central Bank.

• He was the Prime Minister of France.

• He was the President of the European Commission.

• He was the Chancellor of Germany.

Why did Trichet's decision to buy bonds from eurozone countries spark controversy?

• It caused a major political scandal.

• It led to a significant increase in inflation.

• It was seen as exceeding the ECB's core mandate.

• It resulted in the devaluation of the euro.

What was identified as a major weakness of the eurozone's economic and monetary union?

• High levels of unemployment.

• Over-reliance on the US dollar.

• Lack of a common fiscal policy.

• Insufficient governance of the Economic Union.

What aspect of financial policy did Trichet reportedly fail to address?

• Deregulation of financial systems.

• Introduction of a digital currency.

• Implementation of a universal basic income.

• Reduction of trade tariffs.

What is Jean-Claude Trichet's plan after retiring from his role at the ECB?

• To indulge in his passion for poetry.

• To write a book about his experiences.

• To become a financial consultant.

• To start a new career in politics.