ECB’s Trichet supports sanctions in eurozone budget surveillance framework

European Central Bank President Jean-Claude Trichet provides Members of the Committee on Economic and Monetary Affairs with an update on recent economic and monetary developments, including exit strategies. Fiscal policies is also part of the discussion. Moreover, the following issues were addressed by Mr Trichet in his introductory statement: reform of economic governance; and financial sector issues. about reforming EU economic governance, finance issues and exit strategies for EU members that relaxed fiscal policy to fight the immediate effects of the economic crisis Source: EbS www.europarl.europa.eu