Bloomberg News

Trichet Says Weakness in Euro Area Is ’Question of Governance’

October 21, 2011

Oct. 21 (Bloomberg) -- European Central Bank President Jean-Claude Trichet said the weaknesses evident in the euro area are down to political failings.

“The weaknesses in the euro area are clear,” Trichet said during a speech in Warsaw today. “It is a question of governance.”

Trichet said as a whole the euro area was correcting the imbalances in its public finances faster than other major advanced economies.

“The problem is that that is only true as a whole, when you observe individual countries you have differences,” Trichet said.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Katya Andrusz at kandrusz@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus