Trichet: Stability and growth pact needs improving

European Central Bank president Jean-Claude Trichet said that some aspects of the European Union's Stability and Growth Pact need to be improved.

"We can improve the preventative aspect of the pact and some propositions that have been made seem good ones to us. But we should keep the corrective aspect in place," he told French daily Les Echos.

Trichet said current short-term interest rates "are in line with our mission to ensure price stability. We will remain vigilant, because vigilance guaran

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