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› People › Jean-Claude Trichet
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Jean-Claude Trichet
3
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Finance
Politics
finance · BBC
The ECB, led by Jean-Claude Trichet, called for a 'true quantum leap' in fiscal policy surveillance and adjustment framework.
“The ECB believes that a true quantum leap is needed in the framework for surveillance and adjustment of fiscal policies”
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politics · BBC
Jean-Claude Trichet proposed that the European Commission should have greater responsibility by making proposals that can only be modified with unanimity in the European Council, rather than mere recommendations under the Stability and Growth Pact.
“A more stringent implementation of rules and procedures is essential. The [European] Commission should have greater responsibility by making proposals which can only be modified with unanimity in the…”
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politics · BBC
Jean-Claude Trichet called for 'quasi-automatic' sanctions to be applied earlier and to be broader in scope for countries that break fiscal rules.
“Mr Trichet also called for 'quasi-automatic' sanctions to be applied earlier and to be 'broader in scope' for those countries that break the rules”
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