ECB's Trichet on the Paris Club's 50th Anniversary

In the speech 'Celebrating the 50th Anniversary of the Paris Club' given on 14 June Jean-Claude Trichet of the ECB said the concept of the Paris Club seems to have been in many respects a precursor signalling some of the main features that later proved appropriate to handle the very stimulating but complex globalised economy and finance of the world today.

"First the Paris Club was global from the start. It is remarkable that as early as 1956 in the case of Argentina it appeared necessary to

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