Tag: Jean-Claude Trichet

• Saturday, September 22nd 2018 - 07:08 UTC

  Trichet: Brexit will hit harder the UK than the EU, and “it is totally contrary to the new world”

  

  Brexit will have a bigger economic impact on the UK than the European Union, the former head of the European Central Bank has told BBC Radio 5 Live. Jean-Claude Trichet added the break-up was “totally contrary to the new world” of large emerging economies, with single currencies and single markets.

• Wednesday, June 6th 2012 - 21:25 UTC

  Trichet proposes “emergency powers” for EU key institutions to address crises

  

  Europe's key institutions should have emergency powers to override economic and financial policies at a national level in times of crisis, Jean-Claude Trichet, former head of the European Central Bank, said on Wednesday.

• Monday, June 4th 2012 - 03:40 UTC

  Berlin conditions Euro area bonds to an EU fiscal authority to control budgets

  

  When former European Central Bank Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets the idea seemed fanciful, a distant dream that would take years or even decades to realize, if it ever came to be.

• Thursday, November 3rd 2011 - 14:47 UTC

  ECB under new president Draghi lowers interest rate 25 points to 1.25%

  

  The European Central Bank cut its main interest rate by 25 basis points to 1.25% as the Euro zone's worsening debt crisis outweighed the concern over persistently high inflation.

• Saturday, October 29th 2011 - 03:24 UTC

  Trichet warns Euro crisis ‘isn’t over’; calls for precise, quick enforcement of deal

  

  European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper to be published on Sunday that the Euro zone sovereign debt crisis was not yet over and that it was too early for the all-clear signal.

• Wednesday, October 19th 2011 - 23:12 UTC

  Plan to tackle Euro debt crisis stalled; Sarkozy flies to Berlin to meet Merkel

  

  Plans to tackle the Euro zone debt crisis have stalled with Paris and Berlin at odds over how to increase the firepower of the region's bailout fund, French President Nicolas Sarkozy said on Wednesday afternoon.

• Monday, October 17th 2011 - 06:45 UTC

  ECB president Trichet calls for deep changes in the EU treaty

  

  European Central Bank President Jean-Claude Trichet said the European Union's treaty should be changed to prevent one member state from destabilizing the rest of the bloc, and urged stronger governance of the Euro zone.

• Thursday, October 6th 2011 - 17:41 UTC

  ECB takes the first step of an anticipated major effort to bolster EU banks

  

  The European Central Bank is offering new emergency loans to banks to help steady the Euro zone's financial crisis. The new funding, worth about 40bn Euros would enable banks to draw down one-year loans.

• Monday, September 12th 2011 - 20:09 UTC

  Central bankers admit growth slowdown but no sign of world recession

  

  Economic growth is slowing but there is no sign of a worldwide recession, according to global central bankers who said they had no plans for concerted action.

• Friday, September 9th 2011 - 15:49 UTC

  ECB sovereign bond purchasing policy splits ECB; Germans quit in protest

  

  The European Central Bank in Frankfurt confirmed in a Friday afternoon statement that its chief economist and executive board member Jürgen Stark had resigned “due to personal reasons.”