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Article: News: International: Inquiry into bank chief increases euro strain
- Article from:
- The Sunday Telegraph London
- Article date:
- April 30, 2000
- Author:
CopyrightCopyright 2000 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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THE European Single Currency is heading for the worst crisis in
its short history after revelations that the European Central Bank's
future governor may have been part of a plot to sell the euro to the
French electorate under false pretences.
Jean-Claude Trichet, who heads the Bank of France and is due to
become the next president of the European Central Bank in 2002, was
placed under legal investigation on Friday. He is to be questioned
over "spreading false information on the market and publishing
inexact accounts" in relation to Credit Lyonnais, the ailing state-
owned bank for which he had responsibility between 1987 and 1993.
The magistrate who ordered the inquiry, Jean-Pierre Zanoto, ...