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    Stable institutions, steady pursuit of reforms will steer India to 2047 goal: Jean-Claude Trichet

    India's journey to becoming a developed nation by 2047 hinges on institutional stability and sustained economic reforms. Former European Central Bank president Jean-Claude Trichet emphasizes the importance of resilient democratic institutions. He cautions against the risks posed by global over-indebtedness and market corrections. Trichet believes AI will bring challenges and benefits in the long run but highlights the need for global regulations.

    He also favors giving the European Union powers to veto the budget measures of countries that go 'harmfully astray'.

    Jean-Claude Trichet is bypassing the European Central Bank's (ECB) little-known secondary mandate as inflation propels policy makers toward the first interest-rate increase in three years.

    Emerging economies are facing clear signs of inflationary threat, European Central Bank chief Jean-Claude Trichet said Monday after a meeting with fellow central bankers.

    Trichet says his successor will need to be prepared to act in exceptional circumstances.

    European Central Bank head Jean-Claude Trichet rose to the defense of the euro Friday, describing it as a "credible" currency that was not in crisis.

    • The European Central Bank's president has warned that excess volatility in exchange rates has ``adverse implications'' for economic stability.

      European Central Bank president Jean-Claude Trichet hailed on Monday Estonia's efforts towards eurozone membership, saying they showed the 16-nation bloc was not a 'closed shop'.

      Banks on both sides of the Atlantic must be better prepared for hard times, European Central Bank head Jean-Claude Trichet said Tuesday.

      European Central Bank president Jean-Claude Trichet waded Friday into the global debate over budget austerity versus economic stimulus as investors awaited results of stress tests on European banks.

      European Central Bank President Jean-Claude Trichet pressed governments to trim their budget deficits, saying such action would boost economic growth by improving confidence of consumers and investors.

      ECB president Jean-Claude Trichet said the bank will leave emergency collateral rules in place into 2011, softening his stance as Greece struggles to reduce the European Union’s largest budget deficit.

      European Central Bank president Jean-Claude Trichet, who chaired a meeting of central bankers, said the global economy is showing signs of emerging from its worst recession in more than 60 years.

      There is no room for governments that have borrowed billions to fight the economic crisis to accumulate more debt, European Central Bank president Jean-Claude Trichet said on Sunday.

      European Central Bank president Jean-Claude Trichet said on Saturday that the rate at which GDP is falling in developed countries is slowing and a recovery could be expected in 2010.

      European Central Bank President Jean-Claude Trichet, who chaired a meeting of global central bankers on Monday, said policy makers see first signs of an economic recovery.

      The European Central Bank has opened the door to a rate cut in the coming months as its president Jean-Claude Trichet prepares for high-level financial talks in Paris on Saturday.

      European Central Bank head Jean-Claude Trichet on Monday reiterated a warning made last week that eurozone interest rates could be raised next month to counter projected inflation pressures.

      Global growth is still strong owing to the resilience of emerging markets but inflation risks are significant, European Central Bank chief and G10 spokesman Jean-Claude Trichet said on Monday.

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