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ECB's Trichet: Europe needs quantum leap on governance

by (c) Copyright Thomson Reuters 2010. Click For Restrictions. http://about.reuters.com/fulllegal.asp | Thomson Reuters Foundation
Friday, 3 December 2010 09:04 GMT

PARIS, Dec 3 (Reuters) - Europe needs to take a quantum leap forward on governance but the budgetary problems currently afflicting the euro zone will be corrected, European Central Bank President Jean-Claude Trichet said on Friday.

Speaking to journalists at the European American Press Club, he said the ECB was encouraging euro zone governments to take fiscal measures "commensurate" to challenges in the currency bloc. (Reporting by Dan Flynn; Writing by Nick Vinocur; editing by Patrick Graham)

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