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Former Euro bank chief found dead in pool

UPI | July 31, 2005

FAUCON, France -- Former European Central Bank chief Wim Duisenberg drowned in his pool Sunday after an apparent heart attack.

He died at his villa in Faucon, southeastern France. Duisenberg was the first president of the ECB from 1998-2003 and is credited by many with a smooth transition to the Euro, the BBC reported.

Duisenberg was born in 1935 and worked for the International Monetary Fund before going to work for the Dutch government. He served as Finance Minister for four years in the mid-1970s.

As ECB president, he cut interest rates to their lowest levels in 60 years in an effort to increase economic activity.

His successor at the ECB, Jean-Claude Trichet said Duisenberg's death was a "terrible loss."

 

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