Jean Claude-Trichet

Everyone and their brother was euphoric yesterday, as equity markets acted like Europe had solved its problems overnight. Sorry to be the bearer of bad bad news, but it did not. There were no concrete details on how the European Financial Stability Facility (EFSF) will be leveraged, how the...

Despite the better than expected jobs report this morning, stocks are plunging once as fears continue to abound out of Europe. The European Union as a whole is a bigger economy than the United States, and there is more uncertainty about what is ultimately going to happen in Europe than ever before...

Republicans and Democrats continue to work on details for a fallback plan to avoid a U.S. default, just five days before President Obama's self-imposed deadline. Jean Claude-Trichet came out and said that the ECB could not accept defaulted bonds as collateral, potentially cutting off funding from...

As a German official questioned a second Greek bailout on Monday, the EUR/USD slips but still holds near its 1-month high. This week, the European Central Bank (ECB) will release its policy decision, which is likely to have a heavy influence on EUR/USD. The euro steepened its decline after Jean-...