Jean-Claude Trichet
ON THE RECORD · 7 verbatim quotes · every quote source-verified
“All political sensitivities, whatever they are, they have to understand that it is about time to prove that France, the market player, that they are responsible.”
Jean-Claude Trichet · said 2026-10-09 · reported 2026-10-09
Trichet called on French political actors to prove France is a responsible market player.
“I call on them, of course, to be as, I would say, effective in their discussion as possible and prove that they can deliver something which would be credible. That, of course, is one of the conditions to activate TPI,”
Jean-Claude Trichet · said 2026-10-09 · reported 2026-10-09
Trichet said delivering credible results is a condition for activating the ECB's Transmission Protection Instrument.
“My recommendation to all political sensitivities in France, and you know that the situation is complex in terms of political preparation for the presidential election, but I would ask all of them to be responsible in those circumstances.”
Jean-Claude Trichet · said 2026-10-09 · reported 2026-10-09
Trichet urged all political factions in France to act responsibly ahead of the presidential election.
“Of course, you have to get the country convincing itself that it goes in the right direction. That goes without saying. It is the conviction, if I understand well, of the governor of Banque de France and of the French government,”
Jean-Claude Trichet · said 2026-10-09 · reported 2026-10-09
Trichet said France must convince itself it is heading in the right direction, which he said is also the conviction of the Banque de France governor and the French government.
“Of course, if there is destabilization, the instruments are very numerous and proved in the past to be very effective. And I have known, of course, such a period in my own time,”
Jean-Claude Trichet · said 2026-10-09 · reported 2026-10-09
Trichet told CNBC's Squawk Box Europe that numerous proved instruments exist to counter destabilization, drawing on his own ECB tenure.
“you first have to help yourself, because we cannot win if you are not yourself convincing market participants, investors, and savers that you are credible.”
Jean-Claude Trichet · said 2026-10-09 · reported 2026-10-09
Trichet said his experience during the Sovereign Debt Crisis showed that a country must first convince investors of its credibility.
“The ball is in the camp of the French government and parliament, and they have hard work to do.”
Jean-Claude Trichet · said 2026-10-09 · reported 2026-10-09
Trichet told CNBC that the French government and parliament must do the hard work of bringing down the deficit.