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.
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.
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.