trichet

Jean-Claude Trichet, ECB president, said the bank was prepared to act "pre-emptively" to avoid excessive wage demands.

Jean-Claude Trichet, ECB president, said the "very substantial" upward forecast revision followed an exceptional recent growth spurt.

Similarly Jean Claude Trichet, head of the European Central Bank, spoke about how the dust had begun to settle on the crisis.

Mr Trichet said the pace at which such measures were dismantled had to be "commensurate" with financial market conditions.

But Mr Trichet said the ECB would not revise its economic forecast of a 1 per cent rise in eurozone gross domestic product this year.

One of Mr Trichet's strengths was his mastery at mustering consensus, where possible, on the bank's governing council.

Any "pre-commitment" on interest rates might undermine the influence of the ECB, Mr Trichet warned in a speech in London.

Trichet said the ECB had cut rates as it was "anticipating future bad news that we expect coming from the real economy. "

Over the next three days, Mr. Trichet sought a way out of his bind by pushing Europe's leaders to overcome disunity and act.

Like Mr Trichet, Mr Paulson said the complexity and global distribution of the securities at the heart of the crisis would prolong it.

Mr Trichet said the eurozone's resilience had been underestimated.

Trichet said the ECB expected banks to make their contribution to dealing with the turmoil in financial markets.

Mr Trichet acted quickly to reassure markets that the planned increase did not necessarily constitute a trend.

ECB President Jean-Claude Trichet said Fed policy actions do not suggest the United States was actively seeking a weaker dollar.

It was the flaws in the construction of the euro that forced Mr Trichet's hand, not a lack of fortitude under political pressure.

Trichet refused to be drawn on the duration of the bond plan, saying it would be "temporary. "

Jean-Claude Trichet, the ECB president, denied that the eurozone's 16 governments had bounced the bank into the bond purchase programme.

Jean-Claude Trichet, ECB president, said the impact on the real economy of the global credit squeeze remained unclear.

Perhaps more important, this was the last meeting with Jean-Claude Trichet as president.

In a time of crisis no one wants Mr Trichet to become a lame duck.

Mr. Trichet is right to keep his own eye on a stable euro, but we also wish he and the Fed weren't so obvious about their mutual discord.

German anxieties might be pacified were Mr Weber to succeed Mr Trichet when he steps down next year.

Despite the deteriorating growth outlook, Trichet said that the ECB was more concerned about the risk of inflation.

Just a few weeks later Mr Trichet looks too gloomy.

Mr. Trichet's appeal, delivered with customary sangfroid, led to a quarrel with his volatile fellow Frenchman, Mr. Sarkozy.

Mr Trichet's intervention offers Berlin powerful backing as it seeks agreement by the end of the year.

Mr Trichet is quite wrong to claim that the rise in interest rates has nothing to do with the ECB's monetary stance.

There was no eurozone liquidity crisis, Mr Trichet said.

Trichet referred to the need for closer budgetary union in parliament on Tuesday.

Jean-Claude Trichet, the head of the ECB, is effectively gambling with the eurozone's future by taking on this huge commitment.

Except for Mr. Trichet, however, few seem to take that statement at face value.

Trichet said those moves were not part of any concerted multilateral policy approach.

Northern taxpayers would also recoil from the idea of a future "ministry of finance of the union" which Mr Trichet recently floated.

Jean-Claude Trichet, president of the European Central Bank, has said that output is now falling "at a decreasing rate" .

On Thursday, the euro dropped two cents against the US dollar, all for the lack of two little words on the lips of Jean-Claude Trichet.

Mr. Trichet joined Ms. Merkel and Mr. Sarkozy at their meeting in Berlin on Wednesday to press his case once more.

Mr. Geither traveled from London to Frankfurt Wednesday, for a working dinner with European Central Bank president Jean-Claude Trichet.

Jean-Claude Trichet, the ECB's chief, has warned that the effect of dear oil on potential growth "should not be considered negligible" .

Basically, sighs a senior figure, the French still think of Mr Trichet as "a civil servant, appointed by the French government" .

The European Central Bank kept rates on hold at 1. 00% as expected and ECB President Trichet did not disappoint the hawks.

These are the areas that Mr Trichet, currently governor of the Bank of France, has to tackle as a priority.

Jean-Claude Trichet, president of the European Central Bank, has said bluntly that discretionary fiscal policy should be "avoided" .

Thus Mr Trichet, looking only a month ahead, speaks of the need for "vigilance" but gives no guarantee that rates will rise.

Mr Trichet's departure will create a space for a French appointee, perhaps as chief economist, to the ECB's six-strong executive board.

The head of the European Central Bank, Jean-Claude Trichet, urged Greece to meet its obligations and ease the crisis.

Trichet and his colleagues suffer partly from flaws in the EU system, but might also be doing too little too late.

After Mr Trichet's reign, it may be time for a president from a small country again.

Jean-Claude Trichet, European Central Bank president, has been caught off-guard by the German backlash.

ECB President Jean-Claude Trichet: "The underlying momentum of the recovery [in Europe] remains positive. "

Despite the improving German news, Mr. Trichet said much of the survey data suggesting that economic recovery is nigh is 'soft' evidence.

Jean-Claude Trichet, the ECB's president, cited vigorous money growth after the bank raised its base rate to 4% on June 6th.

Jean-Claude Trichet hit some valedictory notes defending the ECB's record on inflation and its handling of the crisis.

Allies of the ECB's boss, Jean-Claude Trichet, insist he was reacting to market pressures, not assaults on his independence.

Signalling significantly greater flexibility, Jean-Claude Trichet, ECB president, said official eurozone borrowing costs could fall again.

But the decisions that matter most, and about which Mr Trichet would say the least, are those on the ECB's purchases of sovereign bonds.

It was overshadowed by horse-trading between France and Germany regarding the French candidate, Mr Trichet, eventually taking over.

Thursday's agreement was the fruit of several concessions. European Central Bank Jean-Claude Trichet lost a fight to prevent default.

Ms. Merkel had been counting on Mr. Weber to succeed ECB President Jean-Claude Trichet, whose term ends in October.

At the other extreme is Jean-Claude Trichet, president of the European Central Bank, whose dismissal would require a court decision.

'We expect the current episode of extremely low or negative inflation to be short-lived, ' Mr. Trichet said.

But Trichet maintained a reluctance to see the ECB's interest rates fall to zero.

Mr Trichet signalled that further rate rises are likely, by saying that the current monetary-policy stance remained "accommodative" .

As usual, the following press conference by ECB President Trichet will have the potential for the greatest volatility.

Some analysts said events were moving so fast they could not even rule out a February move, despite Trichet's remarks.

With the crisis in full flood, it is premature to say that Mr Trichet has saved the euro.

It was the first time Mr. Trichet had personally delivered the message that the ECB was buying bonds.

Jean-Claude Trichet, president of the European Central Bank, is thereby left bemoaning "excessive exchange rate moves" .

What really shocked the markets wasn't just the announcement that rates are more than likely to rise next month, but Trichet's explicitness.

The euro zone's crisis can only be solved by unity, says ECB President Jean-Claude Trichet.

Senior figures from Jean-Claude Trichet, president of the European Central Bank, down have raised the issue with peers in recent months.

Hawkish comments from Jean-Claude Trichet, European Central Bank president, have helped improve sentiment towards the single currency too.

Risk signals for financial stability in the euro area are flashing "red" as the debt crisis threatens to infect banks, ECB's Trichet said.

Resting his spectacles on his iPad in the Financial Times' London offices, his silver hair neatly trimmed, Mr Trichet looks weary.

European Central Bank President Jean-Claude Trichet said Thursday that currency levels should reflect economic fundamentals.

This is not the only sharp U-turn Mr Trichet has had to perform recently.

However, as the crisis over Greece's public finances spread that month, Mr Trichet led the ECB's governing council in far bolder steps.

ECB officials had hoped Mr. Trichet's public rejection of the nuclear option would spur governments to do just that.

By other measures, though, Mr Trichet's tenure is marked by a failure to perceive the processes that culminated in the current crisis.

European Central Bank president Jean-Claude Trichet said that a Greek default was "out of the question. "

Mr. Trichet, the ECB president, made clear he was a reluctant participant in the arrangement.

The central bank, led by President Jean-Claude Trichet, may keep the rate there until the fourth quarter of 2010, a separate survey shows.

With markets quaking , Mr. Trichet convened an informal conclave of the ECB's governing council in the palace's tiled wine cellar .

Jean-Claude Trichet of the ECB likes to express himself through code words at his monthly press conferences.

Mr Draghi must not replace Mr Trichet's "constructive ambiguity" with destructive clarity.

Trichet spoke Monday, after meeting with central bankers from around the world.

'They want me to go to Berlin, ' Mr. Trichet told ECB colleagues when he returned from taking the call.

ECB president Mr. Trichet offered a mix of verbal and concrete support Thursday for Greece and its banks.

That day, Trichet reversed course and announced the ECB would begin buying sovereign bonds after all, "to ensure depth and liquidity. "

Mr Trichet has striven to build consensus on the rate-setting council, sometimes calling up members to iron out problems.

Going further than his previous comments, Mr Trichet went on: "First signs are already emerging in some regions of the euro area. "

Yet as recently as March, Mr Trichet was boasting about the "special" virtue of the euro in securing cross-border financing for its members.

But Mr Trichet admitted that risks to the US economy were materializing and announced two fresh auctions for US dollar liquidity this month.

Taking a decision as late as possible would help avoid the widely respected Mr. Trichet being seen as a lame duck.

To supporters, though, Mr Trichet is the hero of the hour for resorting to unorthodox policies even as others dither.

Lagarde and European Central Bank President Jean-Claude Trichet both said strengthening bank balance sheets is crucial.

Speaking on BBC radio in Britain, Mr Trichet said policymakers needed to make containing inflation their top priority.

Mr. Trichet, a child of World War II, shares his generation's intense pride in Europe's postwar achievements.

Jean-Claude Trichet, European Central Bank president, has fiercely resisted allowing a selective default.

Is pessimism about the eurozone overdone, as Jean-Claude Trichet, president of the European Central Bank, argued last week?

and I'd like to know whether Mr. Trichet would accept a country like Greece?

But Mr Trichet said that the "temporary suspension of voting rights is something that should be explored" .

Even the ECB, whose President Jean-Claude Trichet has warned of price pressures, is unlikely to raise rates immediately.

Interest rates were "still low" and monetary policy "accommodative" , Mr Trichet said.

Mr Trichet talked tough but never put a number on the ECB's bond purchases, which will carry on for four more months.

Mr Trichet believes that focus makes sense, as euro-zone businesses and homebuyers rely more on banks than capital markets for credit.

Make no mistake: U. S. Federal Reserve Chairman Ben Bernanke and European Central Bank head Jean-Claude Trichet face a difficult year.

Separately, Mr Trichet hinted that action taken by the new Greek government was not yet enough to bring the crisis under control.

No, said Jean-Claude Trichet, the president of the European Central Bank, that wouldn't solve the problem.

One could easily imagine Jean-Claude Trichet as the hapless Brian, left to rot on the cross as his comrades walk away.

But Mr Trichet has refused to give any guidance about whether further increases would follow later this year.

The European Central Bank played a decisive role under the able leadership of its president, Jean-Claude Trichet.

If the dollar overshoots, it will undermine eurozone competitiveness and put pressure on Mr Trichet to stimulate growth.

In spite of Mr Trichet's comments, there was still widespread investor concern about liquidity conditions in financial markets.

Jean-Claude Trichet, president, cited "upside risks" to inflation and the risk of price pressures becoming entrenched.

Trichet avoided any direct references to current monetary policy ahead of next week's meeting of the ECB.

Mr Trichet cited this weekend's World Cup final between Holland and Spain as a reason "one shouldn't underestimate Europe" .

Trichet has had similar misgivings, although he welcomed the deal after it was struck.

But some -- including president Jean-Claude Trichet -- stress the deposit rate is already near rock-bottom.

Inflation has generally been low in rich countries over the past 15 years. But grant Mr Trichet the benefit of the doubt on impeccability.

The question is, would he be as bold as Mr Trichet in reacting to a crisis?

It's an open question whether Europe can muster the goodwill, and the willpower, to come together in the way Trichet believes is required.

Mr. Trichet again urged European governments to take on a greater crisis-response role.

The deal, said European Central Bank president Jean-Claude Trichet, "goes in the right direction. "

The calm demeanour of Mr Trichet and Mr Van Rompuy is not shared by the markets.

'Downside risks may have intensified, ' Mr. Trichet said Thursday.

Trichet told Der Spiegel that Europe needs "a quantum leap in the governance of the euro area. "

Mr. Trichet said weak bank lending in the euro zone mainly reflected weak demand for credit from borrowers.

"We say no to selective default, no to a credit event, " Trichet said.

When it comes to future strategy, Mr Weber and Mr Trichet are on a similar wavelength.

Mr Draghi must change course. To do so will not brand Mr Trichet a failure.

Of course, Mr Trichet knows the future no better than Mr Bernanke, Mr Roubini or Mr Buiter.

"We haven'tgone beyond our goal of re-establishing a more correct transmission mechanismof our monetary policy, " said Mr. Trichet.

Another reason for caution, voiced by Mr Trichet, is to avert a "liquidity trap" .

Surely Mr Trichet does not want that to be his legacy.

Trichet may also address the financial market turmoil's effects on the economy.

Mr Trichet sat bolt upright in a crisp suit, polished shoes and chic tie.

But Mr Trichet is the first to declare that the ECB cannot alone hold the breach in the bond markets.

Nettled by Mr Sarkozy's shots, Mr Trichet has fired back at his country's profligacy.

Mr Trichet's message was a familiar one: the decision was warranted because of "upside risks to price stability" .

"It makes sense to discuss the issue in this forum because Mr Trichet will be there, " one official said.

'We are extremely alert in this respect, ' Mr. Trichet told reporters. 'We will not tolerate second-rough effects. '

Mr Trichet deserves credit for his handling of the financial crisis of 2007-08 and the ensuing recession.

These were two major changes in the council's position, Mr Trichet underlined.

But there were signs that higher interest rates in the 13-country eurozone are already having an effect, Mr Trichet added.

"You don't realise the gravity of the situation. . . " began Mr Trichet.

During the crisis, this has played to Mr Trichet's strengths.

As Mr Trichet spoke, the ECB's traders were buying government bonds to prevent a run on some countries and to calm panicky markets.

Jean-Claude Trichet defended the decision of the European Central Bank to raise interest rates for the first time in three years.

But European Central Bank President Jean-Claude Trichet offered a word of caution.

Mr Trichet saw faster than others the need for improvisation.

Mr Trichet opposed any forced restructuring of Greece's debt.

Using the code he has developed, Mr Trichet could have all but promised a June rise with the words "strong vigilance" .

For 30 years, whenever economic crises hit the world, Jean-Claude Trichet has been at the centre of the action.

Mr Trichet has said that fresh "non-standard" measures are being studied.

And Mr. Trichet knows his words are read this way. So rates are all but sure to go up.

Risks to growth remained on the downside, Mr Trichet added.

Mr. Trichet, 68, will retire at the end of October after an eight-year term.

That has hitherto been impossible because of Mr Trichet's dogged insistence that any Greek restructuring be "voluntary" .

It is hard to imagine Jean-Claude Trichet has a soothing bedside manner.

I have a suggestion for Mr. Trichet: let him live off 600-700 Euro per month, and the rest of his income he could give to the Greeks.

But Mr Trichet has opted instead to grab a shovel and start digging.

The second reason is the relative hawkish ECB and President Trichet's very clear statement last week that a rate hike will be quickly seen.

The decision was approved by 'overwhelming majority, ' Mr. Trichet said, which is ECB-speak for some, but not much, dissent.

If Mr Trichet thinks the US Federal Reserve is overreacting, he has a point.

Trichet said it isn't the ECB's job to finance governments.

"I trust that in a number of areas we can proceed very much through the way of such voluntary codes, " Mr Trichet said.

European officials such as Mr Trichet parrot that the euro zone's overall debt and deficit are sounder than America's.

Mr Trichet also had luck on his side.

"In simplewords: We are not printing money, " Mr. Trichet told a conference hosted bythe Austrian National Bank.

We are criticized by Jean-Claude Trichet.

Mr Trichet said: "As far as I am concerned personally, I stand ready. "

Mr Trichet's term ends in October.

And Mr Trichet can claim there is a "consensus" .

and support by Jean-Claude Trichet, the ECB chief, for using the bail-out fund to buy bonds from at-risk countries.

That led to the euro weakening against the dollar, although Mr Trichet left open the possibility of further hikes.

Mr Trichet knows that he can prevent contagion but also that he cannot save the eurozone alone.

the euro group, which includes the finance ministers of the euro zone and Mr Trichet, is an informal talking shop;

Trichet said that the eurozone had to accelerate reform in order to return to a normal budgetary situation,

Trichet May Say World Economy Can Withstand Higher Oil, Rates