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ECB Head Calls for Urgent Action on Greek Rescue

The head of the European Central Bank Jean-Claude Trichet called on Monday for urgent application of the latest debt rescue measures for Greece.
Trichet also spoke of an “absolutely imperative” need to tighten up the monitoring of economies in the eurozone, in a speech against a background of renewed concern over the Greek and wider eurozone debt crisis.
Trichet said that EU and national legislation’s enacting much tighter monitoring of national budgets, and which were due to be adopted within “a few days” were “clearly absolutely imperative.”
He also said it was urgent to apply the EU decisions taken on July 21 to provide Greece with a second debt rescue.
“There also we have an immediate and imperative need for all of the decisions to be enacted,” he told the Institute Montaigne.
Trichet spoke against a background of sharply renewed concern about the state of Greek finances and the wider eurozone debt crisis.
(source: AFP)

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