Former ECB President Jean-Claude Trichet joins CNBC's Rick Santelli to discuss how the euro zone's reforms helped labor.» Read More
LONDON, Nov 20- Federal Reserve Chairman Ben Bernanke, who has steered the U.S. economy through the worst financial crisis and recession in many generations, has received a glowing review from economists for his overall performance two months before he steps down.
LONDON, Nov 12- Staff have been quitting Britain's financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in Europe's biggest financial hub.
FRANKFURT, Nov 8- The European Central Bank's split over Thursday's decision to cut interest rates does not mark a major philosophical division among the 23 Governing Council members, people familar with the discussion say.
*Expected to win Senate approval despite some Republican qualms. President Barack Obama will nominate Federal Reserve Vice Chair Janet Yellen on Wednesday to run the world's most influential central bank, providing some relief to markets that would expect her to tread carefully in winding down economic stimulus.
BERLIN/ LONDON, June 25- Some of the world's top central bankers sought on Tuesday to calm markets that have "jumped the gun" about the impact of the U.S.
The European Central Bank is likely to keep interest rates on hold on Thursday but may offer clues on its policy path for next year with updated forecasts likely to present a grim outlook for the euro zone economy in 2013.
Jean-Claude Trichet, former ECB president, explains why Europe's financial crisis is a crisis of advanced economies as well, with CNBC's Michelle Caruso-Cabrera.
The euro zone’s debt crisis is just the center of an “adjustment” which is affecting all advanced economies, former European Central Bank (ECB) President Jean-Claude Trichet told CNBC.
Ten days after becoming Irish finance minister last March, Michael Noonan spoke with Jean-Claude Trichet, then the chief at the European Central Bank, and told him what his Fine Gael party had been telling voters for weeks: the new government intended to force losses on holders of senior Irish bank debt, the Financial Times reports.
Market watchers, journalists and self-declared ECB experts of all ilk have fostered the long-cherished (and equally long misguided) view that ECB council members walk into the meetings waving the flag of their respective countries. They don´t.
The European Central Bank's recent lending facility was a good decision, says Jean-Claude Trichet, former ECB president.
During Europe's financial crisis the European Central Bank has been "an anchor of stability and confidence," former president Jean-Claude Trichet said.
Following the daily swings of the euro zone debt crisis, it can be difficult to focus on the long-term, bigger picture.
The markets are making it clear they think Italy will be better off financially if the country’s Prime Minister, Silvio Berlusconi, steps down. There’s a reason for that.
Stubbornly high euro zone inflation data on Monday reinforced money market bets that the European Central Bank will wait until December to cut interest rates. That sentiment was echoed by Hedgeye Risk Management CEO Keith McCullough.
A month-long rally for stocks and a European Union deal on its debt crisis have lifted investors' mood, but at least one economist is amazed at the reaction to Europe’s latest attempt to solve its sovereign debt woes.
"We said from the very beginning that is was something which was potentially very important and that one should not underestimate the gravity of the situation... we were not pleasing a lot of interlocutors including the governments that had a tendency to say 'no it's not that important, it's not a big deal' and so forth and I would say that unfortunately experience has proved that our diagnosis was right," Jean Claude Trichet, outgoing head of the European Central Bank told CNBC in an interview.
Too many European Union leaders did not understand the gravity of the Greek debt situation following years of failure to adhere to rules on borrowing, the outgoing boss of the European Central Bank told CNBC.
The euro is a credible currency, and the euro zone as a whole has better economic fundamentals than the U.S. and Japan, Jean-Claude Trichet, the outgoing European Central Bank President, told TVN-CNBC in an interview Friday.
The finance chiefs of the world's leading economies opened the door Saturday for the International Monetary Fund to play a bigger role in fighting the eurozone's escalating debt troubles.