Jean-Claude Trichet, former ECB president, says that Italy's reforms are overdue but embarking on them now is the right action to take.
The former Clinton administration treasury secretary also warned there's a danger of overreacting to market weakness.
CNBC's Rick Santelli speaks to former ECB President Jean-Claude Trichet, about capital leaving China, and central bank activity around the globe.
Former ECB President Jean-Claude Trichet shares his thought on Fed policy, and provides insight into market risks he sees around the world.
Former ECB President Jean-Claude Trichet, shares his thoughts on whether Germany really wanted Greece out of the euro.
Former ECB President Jean-Claude Trichet, discusses Greece's growth crisis and the IMF.
Experts warn that if Greece misses a July 20 payment or otherwise can't manage the terms of its bailout, it may try turning to Russia for cash.
Former ECB President Jean-Claude Trichet says the changing government in Greece is one of the contributing factors to its economic demise, and hopes the euro zone will continue to do the hard work to stay together.
Former ECB President Jean-Claude Trichet, discusses the implications of the "no" vote on the Greek referendum. Also Trichet shares his thoughts on Greece's new debt plan.
Greece has to present a credible plan, says former ECB President Jean-Claude Trichet, sharing his thoughts on Greece's debt proposals.
Former ECB president Jean-Claude Trichet, outlines euro zone headwinds and European monetary policy, with CNBC's Rick Santelli.
It is "not normal" that both sides of the Atlantic do not have the same set of rules, says Jean-Claude Trichet, former ECB president, commenting on the BNP Paribas fine.
The real economy is not "functioning correctly", says former ECB President, Jean-Claude Trichet, and governments must continue to implement structural reforms.
The ECB latest action are "absolutely justified", and Mario Draghi must continue to send strong messages to governments and the private sector says Jean-Claude Trichet, former ECB president.
The former president of the European Central Bank also told CNBC the shutdown signals "enormous difficulty" for the nation's democratic processes.
Former ECB President Jean-Claude Trichet joins CNBC's Rick Santelli to discuss how the euro zone's reforms helped labor.
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.