France

Trichet on European Monetary Union and the euro

SPEECH - In the speech 'The European Monetary Union and the euro' Jean-Claude Trichet of the Bank of France stressed the importance of transparency for the conduct of the euro-zones single monetary policy. "Elected authorities, key economic players, as…

Trichet to meet union reps on 28 Feb

Jean-Claude Trichet, the governor of the Bank of France, will hold talks with union representatives on February 28 to discuss the findings of a study carried out by Yves Barroux, general secretary of the bank, on its retail network. The bank's employees…

France to insist on ECB presidential role

France looks set to insist that the post of European Central Bank president goes to a French candidate despite the setback for its leading contender for the job, Bank of France governor Jean-Claude Trichet, EU sources said.

Trial delay makes ECB job unlikely for Trichet

The verdict on the trial of Jean-Claude Trichet, the governor of the Bank of France will not be announced until 18 June. The sensational four month delay to analyse "complex details" virtually rules Trichet out of the running as the next president of the…

French bank chief Trichet trial wraps up

The false accounting trial of Bank of France Governor Jean-Claude Trichet and eight others entered its final day of argument Wednesday, with a verdict expected in a few weeks which could determine whether he takes over this year at the European Central…

Bank of France pressed to close down branches

The Bank of France is considering a drastic overhaul of its extensive presence throughout the country, closing the bulk of its 211 branches. The sharp cutbacks in the bank's activities are proposed in a report handed in to Jean-Claude Trichet, the…

France may introduce 'super-regulator'

On Wednesday the French government proposed a series of measures aimed at restoring confidence in the country's stock market, including the creation of a financial super-regulator and a tightening of controls over the accounting profession.

Banque de France may cut jobs

The secretary-general of the French central bank (Banque de France) will present unions with the results of two reports into the bank's network of subsidiaries and the future of its clients on 7 February.

French bank chief trial enters key week

The trial of Bank of France governor Jean-Claude Trichet on false accounting charges enters a key phase this week as state prosecutors prepare to make their closing statements, with Trichet's job as next president of the European Central Bank (ECB)…

France warned over stability pact violation

France's intention to effectively ignore the EU's stability and growth pact brought warnings on Wednesday to stop challenging the rules underpinning the euro, or risk causing long-term harm to the credibility of the single currency.

Trichet casts loans blame on ex-minister at trial

French central bank governor Jean-Claude Trichet claimed on Wednesday that former finance minister Pierre Beregovoy ignored a series of warnings over risky loans which almost brought down the then state-owned Credit Lyonnais bank in the early 1990s.

France threatens to ignore deficit cut warning

France on Tuesday defied the European Union's economic rules by suggesting it may not abide by an official order from the other governments to reduce its deficit sharply in the next four years. One finance minister said France's threat not to comply with…

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