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Jean Claude Trichet

Beyond the Eurocrisis: Is More Democratic Governance the Solution for Europe?

Luka Orešković | Posted 07.22.2013 | Politics
Luka Orešković

If invested with popular legitimacy, Europe's success will depend on balancing it with long-term focused meritocratic governance and avoiding capture by short-term and particular special interests. A middle Way between West and East is indeed necessary.

Could A 'Fiscal Union' Save Europe?

Reuters | Posted 08.03.2012 | Business

* Germany wants big leap forward in euro integration * Spanish PM backs central budget authority for bloc * EU summit co...

Watchdog: Poor Bank Governance 'Wreaked Economic Chaos'

Reuters | Posted 06.12.2012 | Business

* Economic advisory group fingers boards, execs, shareholders * Regulators warned against interfering in corporate strategy ...

ECB Make Surprise Decision On Debt Crisis Fears

Posted 01.03.2012 | Business

FRANKFURT - The European Central Bank cut its main interest rate by 25 basis points to 1.25 percent on Thursday as the euro zone's worsening debt cris...

European Banks Unable To Raise Adequate Capital Could Be Fined

Posted 09.19.2011 | Business

LONDON (Huw Jones) - Banks in the European Union could face fines of up to 10 percent of turnover if they fail to comply with tougher capital and liqu...

European Banks Must Bolster Capital Cushions: ECB Official

Posted 09.15.2011 | Business

(Reuters) - Banks that barely passed the European financial stress tests must swiftly reinforce their capital, ECB Governing Council member Erkki Liik...

Eight European Banks Flunk Stress Tests

Associated Press | Posted 09.14.2011 | Business

FRANKFURT, Germany (AP) — Europe's banking regulator says eight of 90 banks flunked stress tests that project how they would fare in another recessi...

Greece, Italy Center Of Focus At Emergency Meeting

Posted 09.09.2011 | Business

European Council President Herman Van Rompuy has convened an emergency meeting of top EU officials for Monday morning to discuss efforts to assemble a...

European Central Bank: 'Strong Vigilance' Needed To Fight Inflation

Posted 08.09.2011 | Business

FRANKFURT (Sakari Suoninen) - The European Central Bank is in "strong vigilance" mode over inflation pressures, ECB President Jean-Claude Trichet said...

Simon Johnson: Europe Needs Trichet’s Unified Finance Ministry

Bloomberg | Simon Johnson | Posted 08.07.2011 | Business

Jean-Claude Trichet, president of the European Central Bank until October, last week floated two proposals aimed at dealing with Greece and related eu...

Simon Johnson: What Europe Needs

Bloomberg | Simon Johnson | Posted 08.06.2011 | Business

Jean-Claude Trichet, president of the European Central Bank until October, last week floated two proposals aimed at dealing with Greece and related eu...

European Interest Rate Hike Expected In July

Posted 08.06.2011 | Business

FRANKFURT (Sakari Suoninen) - The European Central Bank is likely to signal a July interest rate rise on Thursday while continuing to provide banks wi...

Euro Endgame

Janet Tavakoli | Posted 08.01.2011 | Business
Janet Tavakoli

The European Central Bank is acting as if it can dictate terms to Greece, but Greece is a sovereign country. As U.S. banks found out, when someone owes you money and they can't pay it back, you are in as much trouble -- sometimes more -- as they are.

European Institutions Scramble To Quickly Fill Top Roles

Posted 07.23.2011 | Business

LONDON (Huw Jones) - Filling a trio of top regulatory jobs will be crucial for maintaining momentum in global reforms with the chances of emerging mar...

Global Central Banks Face An Essential Revolution

Reuters | Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley | Posted 05.25.2011 | Business

By Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley FRANKFURT/WASHINGTON - On a warm, Lisbon day last May, Jean-Claude...

Fed Officials: We Must 'Remain Vigilant' Against Inflation

Reuters | Posted 05.25.2011 | Business

ST. CLOUD, Minnesota (Reuters) - The Federal Reserve Bank should continue to flood the economy with cheap money to fight high unemployment, but policy...

Raising Wages Would Be 'Stupid,' Europe's Trichet Says

Posted 05.25.2011 | Business

(Reuters) - European Central Bank President Jean-Claude Trichet warned on Sunday against raising wages in the euro zone as inflationary pressures heat...

Bernanke's Quantitative Easing Draws Criticism From Foreign Leaders

The Huffington Post | William Alden | Posted 05.25.2011 | Business

How was the international reaction to the Fed's massive quantitative easing plan? Decidedly not good. The Fed's program, in which it will buy up to ...

Europe's Reckoning

Neil K. Shenai | Posted 05.25.2011 | Business
Neil K. Shenai

Tough as it may be to accept, we are all Greeks now. Better to come to terms with this uncomfortable truth than to live in a state of denial.

European Debt Crisis Looms As Markets React To Greek Debt Woes

Posted 05.25.2011 | Business

BERLIN (BY JUERGEN BAETZ, Associated Press) - Europe's debt crisis flared again Wednesday as Spain saw its credit rating lowered, just as Germany soug...

Bankers, Regulators and Governments: the Difficult Consensus

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

The recent crisis was a failure of risk management -- a diagnosis widely shared among the members of the IIF. But we are also starting the next crisis: the public finance crisis in Europe, the United States and Japan.

Greece: the Brussels Compromise Compromises the Euro

Georges Ugeux | Posted 05.25.2011 | World
Georges Ugeux

The fact that an agreement was found is a tribute to the capability of Europeans to compromise. But their agreement compromises the status of the Euro as a reserve currency.

A Hybrid Conservatorship Model for Greece?

Sandeep Gopalan | Posted 05.25.2011 | World
Sandeep Gopalan

Brussels is host to a confused gaggle of European Union leaders as they summit for yet another crack at the Greek puzzle today. Here's a look at the various options and their feasibility.

Ireland Financial Crisis: The Very Bad Luck Of The Irish

New York Times | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

With the European Central Bank announcing that it has bought more than $20 billion of mostly high-risk euro zone government debt in one week, its new ...

The Euro Will Survive

Barry D. Wood | Posted 05.25.2011 | Business
Barry D. Wood

While aggravated by the ECB's structural weakness, the euro's crisis was caused by the inability of the continent's political leaders to agree on policies to help Greece and safeguard their common currency.