EU governance reform falls short of quantum leap: Trichet


Jean-Claude Trichet, the president of the European Central Bank, on Thursday said proposals from the European Council to reform the Stability and Growth Pact required greater automaticity in issuing sanctions.

At the Bank of Finland 200th Anniversary Conference in Helsinki, Finland, Trichet said: "In my view, the proposals agreed by the [European] Council do not represent the significant leap towards closer economic union that is required. The European Parliament has been more ambitious in its

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