Wednesday, April 7, 2010 as of 11:14 AM ET
Jean-Claude Trichet (; born 20 December 1942) is a French civil servant who was the president of the European Central Bank, a position he held from 2003 to 2011. He is also a member of the Board of Directors of the Bank for International Settlements.
Read More at Wikipedia ›Greece has not yet triggered payment on controversial bond insurance contracts but market participants still expect Athens' efforts to reduce its debt burden to prompt an eventual payout on credit default swaps.
The International Swaps and Derivatives Association decided on Thursday that Greece had not breached the terms of the insurance contracts by preparing to force losses on private bondholders while exempting official creditors.However, the story does not end there and holders of the net $3.25 billion in default insurance contracts must wait and see if the next steps in the largest-ever sovereign restructuring will lead to a payout."The situation in the Hellenic Republic is still evolving and today's EMEA (determinations committee) decisions do not affect the right or ability of market participants to submit further questions," ISDA said in a statement.Market participants still expect a 'credit event' will be declared to trigger CDS payments in the coming weeks. They believe Greec...FOX Business: The Power to ProsperWall Street was in rally mode for a second-straight day after the European Central Bank unexpectedly sliced its main interest rate,...
By Paul CarrelThe European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move Thursday, acting boldly to support the ailing euro z...
The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move on Thursday and President Mario Draghi said the euro zone could su...
The European Central Bank cut its main interest rate by 25 basis points to 1.25 percent on Thursday as the euro zone's worsening debt crisis outweighed the concern o...
By Paul CarrelMario Draghi faces a storm at his first policy meeting as European Central Bank president on Thursday but is unlikely to be pushed into a dramatic ramp...
By Paul CarrelMarkets have over-interpreted comments by incoming European Central Bank chief Mario Draghi on the bank's readiness to go on buying the bonds of troubl...
By Paul TaylorAsk senior European Union policymakers in private what can stop the euro zone's festering sovereign debt crisis and the answer is "the European Central...
European Central Bank President Jean-Claude Trichet was quoted by a German newspaper as saying inflation in the euro zone would be "very low" over the next 10 years,...
European Central Bank President Jean-Claude Trichet was quoted by a German newspaper as saying inflation in the euro zone would be "very low" over the next 10 years....
European Central Bank President Jean-Claude Trichet said in a newspaper interview the euro zone sovereign debt crisis was not yet over and that it was too early for ...
European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper to be published on Sunday that the euro zone sovereign debt crisis was...
European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper that the euro zone sovereign debt crisis was not yet over and that it ...
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...
The board of European Aeronautic Defence & Space Co NV (EAD.FR) Thursday agreed on a reshuffle of the aerospace group's top executive team that will maintain the del...
The board of European Aeronautic Defence & Space Co NV (EAD.FR) Thursday agreed on a reshuffle of the aerospace group's top executive team that will maintain the del...
Former European Central Bank President Jean-Claude Trichet is set to become a director on the board of European Aeronautic Defence & Space Co NV (EADSY, EAD.FR) as p...
Germany and France warned Greece on Monday it will get no more bailout funds until it agrees with creditor banks on a bond swap and pressed for an early deal to aver...
Lorenzo Bini Smaghi, a member of the European Central Bank's six-member Executive Board, will step down early from his post to join Harvard University's Center for I...
FOX Business: The Power to ProsperReports indicating Greece may not proceed with its referendum that threatened to derail Europe's plan to tackle its debt crisis ign...
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