ECB’s Trichet says eurozone needs budgetary federation to watch over government finances
Updated: 2010-05-31 16:45:51
Trichet sees need for ‘budgetary federation’
PARIS — European Central Bank President Jean-Claude Trichet says Europe needs “the equivalent of a budgetary federation” as a watchdog over eurozone governments’ public finances as a response to the continent’s government debt crisis.
In an interview published Monday in the French daily Le Monde, Trichet said that existing European treaties .... Read the original article ECB’s Trichet says eurozone needs budgetary federation to watch over government finances.