Trichet warns EU over budget deficits

Jean-Claude Trichet issued a stern warning on 6 November to both eurozone governments and the EU Commission in Brussels that meddling with the rules of the Stability and Growth Pact would put the overall credibility of monetary union and economic prospects in the region at stake.

Source: Reuters

The European Central Bank's new president Jean-Claude Trichet began his eight-year term at the helm of the world's second most powerful central bank yesterday, leaving interest rates unchanged and issui