European Central Bank President Jean-Claude Trichet conducted his last press conference on a monetary policy decision today, and he hasn't been actually earning a lot of praise recently.
In fact, he's one of the 10 worst central bankers in the world.
Global Finance magazine handed out grades to 36 of the world's most influential central bankers, based on criteria like their ability to control inflation, stimulate growth, maintain a stable currency, and manage interest rates.
The bankers were given marks from "A" to "F."
Only 6 received an A grade: Australia's Glenn Stevens, Israel's Stanley Fisher, Lebanon's Riad Salameh, Malaysia's Zeti Akhtar Aziz, the Phillipines' Amando Tetangco Jr., and Taiwan's Fai-Nan Perng.
See what grade Trichet earned.
Rasheed Mohammed Al Maraj, Bahrain
2011 Grade: B-
Bahrain faces a shrinking economy and political unrest. The economy contracted 1.4% in the first quarter, according to Reuters. Emirates 24-7 reports that the country briefly suffered from deflation during the recession of 2008, and the Gulf Cooperation Council could someday threaten the central bank's ability to make its own policy.
Jean-Claude Trichet, European Union
2011 Grade: B-
2010 Grade: A
The EU's economic problems increase daily. Ominous signs that the sovereign debt crisis could result in global catastrophe threaten the success of the euro as a currency, and lack of growth throughout much of the eurozone doesn't help. Trichet and his colleagues suffer partly from flaws in the EU system, but might also be doing too little too late.
Philipp Hildebrand, Switzerland
2011 Grade: B-
2010 Grade: B-
The Swiss National Bank has failed to keep its currency under control, as currency traders have turned to the franc as a safe haven. The franc's appreciation has damaged the Swiss economy, which depends strongly on exports. Rumors of a peg to the euro have dissuaded investors from purchasing francs recently.
See the rest of the story at Business Insider
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