Interview with ECB president Jean-Claude Trichet

In recent comments European Central Bank president Jean-Claude Trichet said that monetary policy "cannot resolve all problems by itself". "We need profound structural reforms to increase our growth potential", Trichet warned.

Trichet underlined that, "there are still enormous tasks to be carried out at home, but these can be done, as we have already shown. Us Europeans simply need to believe more in ourselves."

Trichet then defended the increase in interest rates to 2.25 pct, when he explained