On Wednesday, Mario Draghi, who takes over from Jean-Claude Trichet
as head of the ECB this week, gave a thinly-disguised hint to leaders and the market that the ECB was prepared to keep buying bonds if needed.
Italy's central banker Mario Draghi was recommended to succeed Jean-Claude Trichet
as European Central Bank President in a European Parliament economic and monetary affairs committee vote on June 15.
The move was clearly telegraphed by ECB President Jean-Claude Trichet
and widely expected by analysts and market participants.
jobless claims last week, while the euro was also bought against other major currencies as European Central Bank President Jean-Claude Trichet
indicated that a rate hike is possible in April, dealers said.
Data suggests that euro zone growth is maintaining its positive momentum, Jean-Claude Trichet
said at his post-decision news conference.
ECB president Jean-Claude Trichet
is also likely to update investors on the ECB's special liquidity support to banks and its programme for buying government bonds, the report said.
European Central Bank President Jean-Claude Trichet
and Governor of the Kuwait Central Bank and Head of the GCC Central Banks Committee Sheikh Salem Al-Abdulaziz Al-Sabah both stressed on Wednesday the role of Arab Gulf states in attaining global economic growth and financial stability.
European Central Bank chief Jean-Claude Trichet
has insisted that the euro is a credible currency but he also said that tighter regulation is needed of banks, markets and government policies.
Summary: Berlin, May 22, 2010, SPA -- European Central Bank (ECB) President Jean-Claude Trichet
insisted Saturday the euro was "not in danger,"Eecontradicting German Chancellor Angela Merkel&'s earlier warning that the currency&'s existence was at stake, dpa reported.
European Central Bank (ECB) president Jean-Claude Trichet
castigated the Greek government for its accounting and said other European nations would strictly monitor the recovery plan put in place by the socialist government in Athens.
Excessive volatility" in currency rates is "bad for economic development," European Central Bank President Jean-Claude Trichet
said in an unscheduled appearance at a press conference late yesterday after a meeting of euro-area finance ministers in Luxembourg.
ISTANBUL/ANKARA, Oct 12, 2009 (TUR) -- European Central Bank (ECB) President Jean-Claude Trichet
said that Turkey made successful reforms in its EU economic adjustment process.