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European Central Bank Jean-Claude Trichet

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  • Central Banks Cannot Go Bust—But Can Cause Trouble Monday, 29 Aug 2011 | 5:16 AM ET
    Financial Crisis

    With speculation growing that the Fed could pull the trigger on QE3 next month and the ECB buying up bonds in the euro zone, analysts at ING in Amsterdam have been asking if it is possible for a central bank to go bust.

  • Doubts Persist on German Role in Greek Debt Deal Monday, 29 Aug 2011 | 1:36 AM ET
    bank_building_200.jpg

    German “bad bank” agencies holding billions of euros of Greek debt have still to decide whether to join a bond swap designed to cut Athens’ refinancing burden as part of an EU bail-out, the FT writes.

  • Trichet Gives Master Class in Saying Nothing Sunday, 28 Aug 2011 | 7:56 AM ET
    Jean-Claude Trichet

    In Jackson Hole Wyoming on Saturday Jean-Claude Trichet, the president of the European Central Bank was due to give a speech to a meeting of policy makers hosted by the Federal Reserve. As he prepared to speak the euro zone faced huge problems.

  • Greece Matters Again and It Could Be In Trouble Saturday, 27 Aug 2011 | 7:45 AM ET
    greece_church_flag_200.jpg

    On July 21, EU leaders, the European Central Bank and the International Monetary Fund agreed on a second rescue package for Greece, one they hoped would put the country in a position to come to grips with its debts. That deal is now looking like it could fall apart.

  • The Currency Trade Behind Jackson Hole Friday, 26 Aug 2011 | 7:29 PM ET
    Ben Bernanke at Jackson Hole, Wyoming.

    Fed Chairman Ben Bernanke has spoken, and now it's European Central Bank President Jean-Claude Trichet's turn. Here's how to trade the central banker-speak.

  • Fully Fledged Credit Crisis May Be Ahead: Author Friday, 26 Aug 2011 | 3:07 AM ET
    Trader at London Stock Exchange, England.

    The world could be heading into another fully fledged credit crisis, according to Satyait Das, the author of Extreme Money: Masters of the Universe and the Cult of Risk.

  • US Funds Show True State of Euro Zone Banks Friday, 26 Aug 2011 | 1:35 AM ET
    bank_building_200.jpg

    In any murder mystery film, it pays to watch the boring gray man (or woman) in the corner; quiet, unobtrusive characters can be deadly. So, too, in finance. Four years ago, the giant US money market funds seemed some of the dullest actors in the global financial scene. But in 2007, they quietly helped to spark the crisis in the mortgage-backed securities world.

  • Fears Over Greek Bailout Re-Emerge Thursday, 25 Aug 2011 | 11:10 AM ET
    Fears Over Greek Bailout Re-Emerge

    Chris Wheeler, bank analyst at Mediobanca joined CNBC to discuss the latest news on the European markets and what would happen if the Greek bailout fails.

  • Forget Ben, the Big Draw May Be the IMF's Lagarde Wednesday, 24 Aug 2011 | 1:29 PM ET
    French finance minister Christine Lagarde is seen as a front-runner to succeed Strauss-Kahn.

    While markets are hyper-focused on the Friday speech at Jackson Hole by Fed Chairman Ben Bernanke, they are overlooking what could be an equally important Saturday appearance by IMF Managing Director Christine Lagarde.

  • Greek Crisis Now Worse, Not Better: Analyst Tuesday, 23 Aug 2011 | 6:09 AM ET
    Demonstrators shout slogans against government's recent austerity economy measures during a protest in Athens.

    On July 21, EU leaders agreed to a second bailout for Greece, one that was supposed to draw a line under the euro zone debt crisis and give the new government in Athens a chance come to grips with the huge debts it inherited when it was elected. One month later, and the situation appears to be getting worse rather than better, according to Simon Derrick, the head of currency research at Bank of New York Mellon.

  • German PMI Stats Will Widen Spreads: Strategist Tuesday, 23 Aug 2011 | 1:00 AM ET
    German PMI Stats Will Widen Spreads: Strategist

    "I think the German PMI announcement will have an impact on spread widening, because investors will see it as an indication that the world is slowing, Germany is slowing, and in general, risk is increasing," Adrian Schmidt, FX strategist at Lloyds Bank Corporate Markets, told CNBC.

  • Markets Push Europe Toward Fiscal Union Monday, 22 Aug 2011 | 5:18 AM ET
    European Central Bank

    European leaders are being pushed into closer fiscal union sooner than they had anticipated by volatile markets concerned over a dearth of ideas on how to solve the sovereign debt crisis in the euro zone, analysts and investors told CNBC.

  • Whack-a-Mole Time in the Currency Markets Friday, 12 Aug 2011 | 3:45 PM ET
    gavel and money

    European leaders are scurrying from one crisis to the next, and it doesn't bode well for the euro, this strategist says.

  • Labor Market Reforms Key for Italy? Friday, 12 Aug 2011 | 12:21 AM ET
    Piazza Venezia, Rome, Italy

    High labor taxes and low visibility on economic growth and business climate are just some of the reasons that are keeping Italian businesses from offering jobs, especially long term contracts.

  • What the Sovereign Debt Selloff Really Means Thursday, 11 Aug 2011 | 10:56 AM ET
    euro_drowning_200.jpg

    There's a currency worry behind all the selling of Italian and Spanish bonds, this economist says.

  • One-Off Tax for Wealthy Italians to Reduce Debt Burden? Thursday, 11 Aug 2011 | 8:17 AM ET
    Piazza Venezia, Rome, Italy

    Italy has one of the highest savings rates in the OECD and holds considerable household wealth. In fact, the country's household wealth is five times as high as the country's gross domestic product (GDP). None of this appears to add up with the country's miserable public finances.

  • Sarkozy Gives Ministers One Week Debt Deadline Thursday, 11 Aug 2011 | 12:48 AM ET
    France

    Nicolas Sarkozy, the French president, has given his finance and budget ministers one week to come up with new measures to cut France's crippling debt burden as concerns mount over prospects for growth and the country's ability to meet its deficit reduction targets. reported the FT.

  • Rouble Poses Worrying Parallels for Euro Crisis Wednesday, 10 Aug 2011 | 12:27 AM ET
    russia_building_200.jpg

    By intervening in the eurozone’s bond markets, the ECB has become a lender of last resort. In a world characterised by growing financial panic, that has to be good news, HSBC's Stephen King writes in the FT.

  • Safe Havens Soar, Downdraft Down Under Tuesday, 9 Aug 2011 | 7:58 AM ET
    fx_fix_1_200.jpg

    The Swiss franc and yen are flying high as investors bail out of riskier currencies — it's time for your Tuesday FX Fix.

  • Euro-Debt Problems Over? Monday, 8 Aug 2011 | 7:15 PM ET
    Euro-Debt Problems Over?

    The ECB today swept in - buying Italian and Spanish bonds - pushing yields convincingly below 6%, with Charles Dallara, Institute for Int'l Finance.