Trichet says Europe needs reforms

Although Europe is poised for strong economic growth, it must continue with reforms if it is to fulfil its potential, ECB president Jean-Claude Trichet said in China on Tuesday 7 June.

Trichet's comments at a meeting of central bankers in Beijing came amid speculation that the ECB could cut interest rates to soothe discontent in some countries over slow growth and European monetary union.

Although high oil prices and low consumer and business confidence were also holding back growth, economic r