Trichet Archive

ECB’s Trichet Suggests Creation of Euro Finance Ministry

“if efforts to deal with its debt crisis do not deliver results” ECB’s Trichet Suggests Creation of Euro Finance Ministry May 25 (Reuters) — Europe should consider strengthening central control of economic policy if efforts to deal with its debt crisis do not deliver results, European Central Bank President Jean-Claude Trichet said ...Read More


TRICHET SAYS ECB BOND PURCHASES ARE `ONGOING PROGRAM’ >    >   (email exchange) >    >    On Fri, Jan 7, 2011 at 7:09 AM, Dave wrote: >    >   In response to German govt comments earlier >    >   Also ECB is in buying small amounts of Greece and Portugal in today’s >   weak market >    They probably only see ...Read More

Trichet cmnts

Translation- they keep funding on an as needed basis, at least for now. *DJ ECB Trichet: The ECB Is Meeting Its Resposibilities *DJ ECB Trichet: Important That Deficit Targets Are Met *DJ ECB Trichet: Spain Should Deepen Labor Mkt Reform *DJ ECB Trichet: Bank Stress Tests Are Very Useful *DJ ECB Trichet: ...Read More

Trichet statement

*DJ Trichet: Euro-Zone Govts Are Conscious Of Their Past Mistakes *DJ Trichet: Efforts To Improve Governance Are Being Underestimated *DJ Trichet: Ireland And Greece Are Solvent *DJ Trichet: Euro-Zone Public Finances Compare Well With Japan, US *DJ Trichet: Real Euro-Zone Economy Has Surprised Positively As if he doesn’t know the actual analogy ...Read More

re: Trichet statement

The old german model was tight fiscal to keep domestic demand down, costs down, to help exporters. this made the mark strong so they sold marks vs dollars to keep it weak at the expense of the macro economy but to the benefit of the exporters. The euro zone is trying same ...Read More

Trichet statement

Trichet rejected the notion that fiscal discipline would hamper growth in the Eurozone. He’s wrong for the macro economy. “It is a complete fallacy to say that fiscal soundness dampens growth. It is exactly the contrary. It is the absence of fiscal credibility which dampens growth,” he said. He’s right at the ...Read More

Trichet: Eurozone can’t spend any more

[Skip to the end] (email exchange) >   On Mon, Jun 22, 2009 at 4:32 AM, wrote: >    >   ECB President Trichet has warned that governments have no more room >   for taking on more debt, and should now look to start bringing down >   budget deficits. “There is a moment where you can’t spend anymore and ...Read More

Trichet on funding the national governments

[Skip to the end] Trichet on funding the national governments When asked specifically if there are any obstacles to the ECB purchasing government assets, Mr Trichet reiterated that the ECB “are not pre-committed for any new decisions”, while his comments suggest the issue of risk-sharing and fiscal indemnity remains an important consideration: ...Read More

Trichet says rising deficits are ‘problem’

[Skip to the end] Agreed! They are risking the solvency of the national governments. The national governments are beyond the point where they can write the check should any of their major banks be declared insolvent. Trichet Says Rising Deficits are ‘Problem,’ Osnabruecker Reports by Matthew Brockett Feb 12 (Bloomberg) &#8212 European ...Read More

Ominous warnings from Trichet

[Skip to the end] (email exchange) He gets it! >    >   On Fri, Oct 3, 2008 at 8:49 AM, Karim wrote: >    >   Trichet says solvency is an issue >   for governments. >    Yes! >    >   Trichet: West passing through >   most serious time since WWII. >    The largest systemic risk is in the eurozone. >    >   Trichet: ...Read More