France

France urges eurozone shake up

Speaking Thursday French Foreign Minister Dominique de Villepin called for a shake-up of EU economic supervision saying the European Union should establish a formal eurozone council with responsibility for coordinating budget policy, Reuters said.

Slovenia not ready to join EU says France Arhar

Former governor of the central bank of Slovenia, France Arhar, said in an interview reported by the STA News Agency thathe didn't think Slovenia was ready to join the EU yet. If Slovenia wishes to catch up with the EU within ten years, its minimum growth…

Trichet urges Chirac to cut public spending

Bank of France governor Jean-Claude Trichet has called on President Jacques Chirac to reduce spending and introduce reforms to lift growth, according to the Financial Times. In a letter to the President, accompanying the Bank's annual report, Trichet…

Snow lauds Trichet as superb choice for ECB chief

US Treasury Secretary John Snow met with Bank of France president, and ECB chief in waiting, Jean-Claude Trichet on Friday, according to a report by Agence France Presse. While not commenting on ECB monetary policy, Snow told a news conference that…

French bank chief nominated to head ECB

Bank of France Governor Jean-Claude Trichet was nominated by EU finance ministers on Tuesday 15 July to replace Wim Duisenberg as president of the European Central Bank, Associated Press reports. The nomination will now be sent to the European Parliament…

ECOFIN to discuss Italian growth plan and Trichet

EU finance ministers will hold their first Council session under the Italian Presidency on 15 July, EurActiv reports. During the Euro group meeting on Monday, the ministers will launch proceedings to appoint Bank of France Governor Jean-Claude Trichet to…

French PM calls on ECB to lower rates further

French Prime Minister Jean-Pierre Raffarin has urged the ECB to cut interest rates further, according to Associated Pres, saying recent interest-rate cuts by the ECB are an encouraging sign and he hoped they can be continued.

EU endorses Trichet as next ECB president

EU leaders have unanimously backed the appointment process of Bank of France Governor Jean-Claude Trichet as the next president of the ECB, according to EurActiv. Luxembourg Prime Minister Jean-Claude Juncker told reporters. "Jean-Claude Trichet will be…

Hooray for Trichet!

So the Paris courts have once and for all cleared Banque de France governor Jean-Claude Trichet and his predecessor Jacques de Larosiere from the unfounded allegations that had been made about their role in the Credit Lyonnais affair more than 10 years…

Trichet acquitted in court, keeping ECB bid alive

The long running court case involving charges of falsifying accounts against Bank of France Governor Jean-Claude Trichet concluded on on Wednesday 18 June with his acquittal in a Paris court, Bloomberg reports. The verdict is likely to clear the way for…

Trichet brings SDRM down to earth

The IMF's much-vaunted Sovereign Debt Restructuring Mechanism is the latest casualty in a string of apparently wasted efforts in attempting to find some way to save the world from the terrors of sovereign default. But a few months ago Banque de France…

Court to seal fate of ECB heir apparent Trichet

Bank of France governor Jean-Claude Trichet will find out on Wednesday 18 June if he has been cleared or found guilty in a banking fraud trial, according to a Reuters report. The verdict will have implications for the succession as president of the ECB…

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