ECB chief Jean-Claude Trichet calls for an EU Finance Ministry with greater power.(Fabrice Coffrini/AFP/Getty Images)
ECB chief Jean-Claude Trichet calls for an EU Finance Ministry with greater power.
(Fabrice Coffrini/AFP/Getty Images)

ECB Chief Calls for Pan-European Finance Ministry

June 7, 2011  •  From theTrumpet.com
 

European Central Bank head Jean-Claude Trichet was awarded this year’s Charlemagne Prize on June 2 for his role in stabilizing the eurozone. During his acceptance speech, Trichet outlined his dream for a future European Union Finance Ministry—with the power to “veto the budgets of debt-ridden eurozone countries,” according to Spiegel Online.

In the short term, Europe needs a “‘quantum leap’ in governance now,” he said.

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