Jean Claude Trichet

In early September, both the World Bank and the IMF cautioned the US central bank against raising rates until the world economy was on a surer footing.

How the IMF‘s misadventure in Greece is changing the fund

Five years later, after the biggest bailout in the fund's history, Greece failed to make a USD 1.7 billion payment as required at the end of June – the first advanced economy ever to default on the IMF. Worse, after having received more than 240 billion euros in international aid, Greece economy is still in tatters.

Market volatility becoming new norm: Jean-Claude Trichet

Markets across the globe have been taken for a ride this week, with the Dow Jones industrial average having traveled more than 10,000 points ahead of Friday's open amid global growth concerns.

ECB's Draghi calls for quantum leap in European integration

A week after the ECB began printing money to buy sovereign bonds, Draghi said the bank's stimulus, lower oil prices and structural reforms in euro zone economies were helping support growth in the 19-country bloc.

Greece seeks negotiations on ECB bond repayment

Finance Minister Yanis Varoufakis said Athens should negotiate with the ECB on 6.7 billion euros in Greek government bonds held by the Frankfurt-based bank that mature in July and August.

Fed, ECB balance sheets 'abnormal': Trichet

Ballooning central bank balance sheets across the US, Europe, the UK and Japan are "profoundly abnormal", according to Jean-Claude Trichet, the former president of the European Central Bank.

Europe mulls major step towards 'fiscal union'

When 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 realise, if it ever came to be.

Special Report: Mario Draghi's quiet revolution

On December 8 last year, Mario Draghi sat down to chair his second policy meeting as European Central Bank president.

Change EU treaty to stabilise bloc, says Trichet

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

EU treaty needs revision: ECB's Trichet

European Central Bank President Jean-Claude Trichet said on Sunday that the European Union's treaties should be changed to prevent one member state from destabilising the rest of the bloc.

Trichet doesn't want ECB financing bailout funds

European Central Bank President Jean-Claude Trichet said on Tuesday he opposed the ECB financing bailout funds for the crisis-hit euro zone, dismissing one policy response government officials are mulling.

Trichet knocks back Irish senior bank bond talk

European Central Bank President Jean-Claude Trichet warned Ireland against imposing losses on senior debt at Anglo Irish Bank on Saturday, advice it is obliged to heed, Finance Minister Michael Noonan was quoted as saying.

Central bankers see no global recession

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

While you were sleeping, market course was decided

US president Barack Obama unveils the jobs plan, lays out a USD 447 billion dollars package in tax cuts and government spending to help boost the US economy.

ECB signals rates on hold, nervous about economy

The European Central Bank signalled on Thursday that it had halted a cycle of interest rate rises begun just five months ago, saying euro zone inflation risks were no longer skewed to the upside and economic growth would be slow at best.

Oil falls after Trichet comments, Bernanke awaited

Brent oil fell on Thursday, pushed lower as European Central Bank President Jean-Claude Trichet highlighted downside risks to the economy, further clouding the demand outlook.

ECB growth, inflation talk suggests rates on hold

Inflation risks in the euro zone are broadly balanced, European Central Bank President Jean-Claude Trichet said on Thursday, cementing expectations that interest rate rises are now on the backburner.

ECB holds rates as recession fears mount

The European Central Bank held interest rates at 1.5% on Thursday and is likely to indicate that a policy tightening cycle it began in April is on hold in the face of growing evidence the euro zone's economic recovery is losing momentum.

ECB tells EU to step up reforms, says bond-buying temporary

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

Italy must meet budget targets: ECB's Trichet

ECB President Jean-Claude Trichet pressed Italy on Saturday to deliver on its promises to get its strained public finances in order, saying it was essential to restore fragile market confidence.

ECB eyes decision on Italy bond buys to ease debt

The European Central Bank faced a decision on Sunday whether to buy Italian bonds to try to prevent the euro zone debt crisis from widening, while global policymakers conferred on the twin financial crises in Europe and the United States.

Gold sets new high as ECB renews bond buys

Spot gold prices set yet another new record high on Thursday after the European Central Bank President Jean-Claude Trichet said the bank would continue to buy bonds in response to a deepening euro zone debt crisis.

ECB restarts bond buying: Trichet explains the rationale

In a bid to contain fresh debt fears, the European Central Bank (ECB) has re-activated its anti-crisis measure of buying Portuguese and Irish bonds.

Germany, France reach accord on Greek bailout

Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe.

ECB would reject Greek bonds as collateral: Trichet

The European Central Bank's chief said it could not accept defaulted bonds as collateral and that governments would have to intervene and correct things were Greece government debt to be rated as a default.