Tag: Jean-Claude Trichet

• Friday, September 9th 2011 - 01:03 UTC

  Trichet anticipates EU flat growth next 18 months; falls short of ‘new recession’

  

  The Euro fell to a two-month low against the dollar on Thursday after the European Central Bank signalled a pause in its interest-rate tightening cycle that began just five months ago.

• Tuesday, September 6th 2011 - 00:36 UTC

  Central Bank urges EU members to press ahead with financial reforms

  

  The current and incoming head of the European Central Bank demanded that European governments quickly implement a strengthening of a regional bailout fund and press ahead with wider reforms.

• Monday, September 5th 2011 - 05:53 UTC

  Doubts Italy’s divided government can pass measures to cut budget and debt

  

  ECB President Jean-Claude Trichet kept up warnings over Italy's strained public finances telling the struggling centre-right government it must act quickly to reassure nervous markets.

• Monday, August 29th 2011 - 03:30 UTC

  “Macroeconomics policies must support growth” warns IMF chief Lagarde

  

  The new head of the IMF urged global policymakers to pursue urgent coordinated action, including the mandatory recapitalization of European banks, or risk descent into renewed world recession.

• Thursday, August 4th 2011 - 20:20 UTC

  Euro zone resumes bond purchases amid fears of growing crisis contagion

  

  European Central Bank (ECB) announced Thursday it will offer a fresh round of loans to banks (*) in light of continuing fears about the Euro-zone debt crisis. ECB president Jean Claude Trichet said that economic uncertainty was “particularly high”'.

• Friday, July 22nd 2011 - 00:25 UTC

  Paris-Berlin soften rescue terms admit “selective default” and announce Euro IMF

  

  Euro zone leaders agreed at an emergency summit on Thursday to give their financial rescue fund sweeping new powers to help Greece overcome its debt crisis and prevent market instability from spreading through the region.

• Thursday, July 7th 2011 - 16:20 UTC

  Euro-zone decides to contain inflation and hikes interest rates to 1.5%

  

  The European Central Bank (ECB) decided on Thursday to raise interest rates to 1.5% from 1.25% in an attempt to cool inflation in the 17-nation Euro zone. ECB president Jean-Claude Trichet said that inflation, now 2.7%, was likely to remain “clearly” above the ECB 2% target over the coming months.

• Thursday, June 23rd 2011 - 18:01 UTC

  Italy’s Dragui confirmed at the next president of the European Central Bank

  

  The European Parliament formally endorsed on Thursday Italy's Mario Draghi to be the next president of the European Central Bank. European Union leaders are expected to give their formal backing to the appointment at a summit allowing Draghi, 63, to take over as head of the bank when Jean-Claude Trichet steps down at the end of October.

• Thursday, June 9th 2011 - 19:18 UTC

  Euro central bank expected to increase interest rates next month

  

  The European Central Bank (ECB) has signalled that it will raise interest rates next month, from 1.25%. Earlier on Thursday, the ECB kept rates unchanged for the second month in a row, after increasing them in April for the first time in almost two years.

• Thursday, May 12th 2011 - 20:05 UTC

  Italy’s Draghi receives support from Angela Merkel as next ECB president

  

  German Chancellor Angela Merkel expressed support for Italy’s Mario Draghi as the next president of the European Central Bank, removing the final obstacle to his appointment to Europe’s top monetary post.