Economic Crisis 'Successfully Exited'

HELSINKI—The euro zone's economic crisis is over and it is now enjoying a broad-based recovery, Bank of France Governor Christian Noyer said Monday.

"There are increasing signs that the economic recovery is on track," Mr. Noyer told a financial markets conference, pointing to a "brilliant" first quarter and strong business sentiment indicators. He added that he considered that financial conditions are now "favorable" and that there is no sign of credit rationing as demand for funds improves. "All in all, we have strong reasons to believe that we successfully exited the economic crisis."

Trichet seeks single EU finance ministry

(FT) -- Jean-Claude Trichet, president of the European Central Bank, has called on the European Union to take bolder steps towards controlling fiscal and economic policies, suggesting a long-term goal of establishing a European ministry of finance.

Redwood: The origins of the euro crisis

The euro crisis is following a predictable path. The bills have increased greatly, and are being passed around in the hope the problems will go away.

Unfortunately the countries in trouble are spending too much and earning too little. That has to be tackled, as there will be limits to the patience and the amount of money the EU and the IMF can throw at this problem.

Tory blasts ECB chief's dismissal of euro crisis

A claim by the president of the European Central Bank that the euro is not in crisis has been branded "absurd" by a Conservative MP.

ECB boss Jean-Claude Trichet was speaking in Aachen, Germany, after receiving the Charlemagne Prize for services to European understanding.

German chancellor says European debt crisis no euro problem

Singapore - The euro is a stable currency although high debt levels in some eurozone countries have evoked uncertainty about it, German Chancellor Angela Merkel said Thursday.

'I tell you very clearly: We don't have a euro problem in Europe,' she said at a forum in Singapore. 'Rather we have a debt problem to overcome.'