Friday, June 3, 2011

ECB's Trichet: more EU economic powers next step in crisis

Europe should consider strengthening central control of economic policy if efforts to deal with its debt crisis do not deliver results, European Central Bank President Jean-Claude Trichet said on Thursday.
Accepting a prize for his contribution to European unification, Trichet laid out ideas including the formation of a European Union finance ministry and a veto for EU authorities over spending and other major domestic policy decisions.

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