Daunting tasks await suave new ECB head Trichet

Jean-Claude Trichet was appointed President of the European central bank on Thursday but faces daunting challenges at the helm of the fledgling central bank including weak global growth, European budget rows, a tumbling dollar and new countries bidding to join the euro.

Source: Reuters

European leaders appointed Jean-Claude Trichet as head of the European Central Bank (ECB) yesterday, putting the suave but orthodox Frenchman at the monetary helm of the world's second-largest economy as it moves