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Jean-Claude Trichet

Euro zone sees light at end of tunnel, pitfalls remain

There are no calls for celebration, no desire to relax in the corridors of Brussels but some officials believe the euro zone has turned a corner, sharpening the focus on longer-term reforms and structures.Despite a messy bailout of Cyprus, markets are calm, Ireland's rescue program is on track and Greece and Portugal, while still in recession, hope for a slow recovery next year.Slovenia's banks are a concern, but one that policymakers are confident they can deal with. And although Malta's banking system is vast compared with its economy, it is not structured in the same way as in Cyprus. The same goes for Luxembourg.Spain's bank restructuring appears to be working."All the skeletons are out of the closet," said one senior official who has spent much of the past three years working on the crisis. "There are no more major issues in the pipeline."It is a line of thinking shared by European Central Bank policymaker Yves Mersch, who said on Wednesday he did not expect another country to "sl...

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  6. Analysis: EADS revamp brings government out of industry's shadow

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  7. "The euro is a currency with a state", says ECB's Coeure

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  8. Draghi enters lion's den to sell bond-buying plan

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  9. Action From ECB Likely Weeks Away

    The European Central Bank is thinking the unthinkable to save the euro, including resuming its controversial bond-buying program and possibly even pursuing quantitat...

  10. Europe Mulling Big Step Toward 'Fiscal Union'

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    If President Obama wanted to thank someone for the relative calm in Europe that is buoying U.S. equity markets, perhaps he should consider an Italian economist few A...

  1. EADS Sees New Profit Focus

    Shareholders in Airbus parent European Aeronautic Defence & Space Co. (EAD.FR) overwhelmingly approved the company's proposal to revamp its governance, limiting gove...

  2. EADS Sees New Profit Focus After Shareholders OK Oversight Revamp

    Shareholders in Airbus parent European Aeronautic Defence & Space Co. (EAD.FR) overwhelmingly approved the company's proposal to revamp its governance, limiting gove...

  3. Ex-ECB Trichet: 'No Element of Contagion' From Cyprus Crisis

    Former European Central Bank President Jean-Claude Trichet said Wednesday there is no risk of wider contagion from Cyprus' banking crisis.Speaking at a Credit Suisse...

  4. G-30 Urges More Long-Term Investment

    Major economies need to take steps to encourage more long-term investment and to ensure the current shake-up of the financial system doesn't limit such funding, acco...

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  6. EADS Won't Nominate Lauvergeon to Chair Board

    The nomination committee of Airbus parent European Aeronautic Defence & Space Co. (EAD.FR) won't nominate Anne Lauvergeon, the former head of state-controlled nuclea...

  7. EADS Committee Won't Nominate Lauvergeon to Chair Board - Report

    The nomination committee of Airbus parent European Aeronautic Defence & Space Co. (EAD.FR) won't nominate Anne Lauvergeon, the former head of state-controlled nuclea...

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