ECB demands firm action on reform

Report of comments by European Central Bank President Jean-Claude Trichet to the periodic Hearing at the Committee on Economic and Monetary Affairs of the European Parliament, Brussels, 27 September 2010.

He warned eurozone governments that the ECB will sound the alarm if they fail to agree reforms to Europe’s monetary union that are tough enough to prevent a future Greece-style crisis.

ECB: Press Release, 27.9.10: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament. Speech by Jean-Claude Trichet, President of the ECB, Brussels, 27 September 2010 http://www.ecb.int/press/key/date/2010/html/sp100927_2.en.html

ESO: Background information: Eurozone crackdown on public finances‎ http://www.europeansources.info/record/eurozone-crackdown-on-public-finances%e2%80%8e-germany-backs-tough-eu-deficit-rules/

ESO: Background information: Trichet calls for tougher euro rules http://www.europeansources.info/record/trichet-calls-for-tougher-euro-rules/

ESO: Background information: Fiscal rules face obstacles, says Lagarde http://www.europeansources.info/record/fiscal-rules-face-obstacles-says-lagarde/

EUObserver, 27.9.10: EU enters crucial week for budget rules http://euobserver.com/9/30893

EurActiv, 27.9.10: EU faces crunch week in budget discipline talks http://www.euractiv.com/euro-finance/eu-faces-crunch-week-budget-disc-news-498150

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