At his first press conference since taking over from Wim Duisenberg, Jean-Claude Trichet said on 6 November that the stability and growth pact provided "an appropriate framework" for ensuring fiscal discipline. He said the budget deficit limit of 3 per cent was "the anchor" for the pact. "It must not be placed in doubt," he said. Asked what goals he hoped to achieve during his Presidency of the ECB Trichet said while he was captain, he was still a member of the team, but highlighted the need for