Trichet says stability requires int'l cooperation

European Central Bank president Jean-Claude Trichet said on Monday 16 April international policy cooperation and integration are important in keeping global economic stability.

"Global economic integration has continued at a rapid pace," he told members of the Council of Foreign Relations. "The exchange of capital and labor has been tremendous," he added.

In a question and answer forum after a speech at the Council of Foreign Relations, Trichet said, "We shouldn't be ... negative" on derivative

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