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We waited on the monetary disorder and the risks of war exchange between the world\'s major currencies and has focused on fiscal slippages and European governments need to cross? Increased the large macroeconomic imbalances . Yesterday, before members of the Committee on Economic and Monetary Affairs of the European Parliament, Jean-Claude Trichet, president of the European Central Bank (ECB) said that governments? underestimated the time? budgetary problems in this area, he said,? we are never the most of our opportunities?.

Words that are of particular importance on the eve of the budget of France in the Council of Ministers. The Finance Act 2011 provides for a reduction of public deficit fran? Ais 7.8% to 6%. The never-seen darker side of the Rhine-ty, but Germany and many other European countries will be much more and will not hesitate to cut public spending, the government of Fran? Ois Fillon withdrew to make her? is massive.
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Jean-Claude Trichet he considers that the budgetary effort of France is not enough? It fits in any case firmly in the camp of supporters of an increased tightening in both the prevention and punishment of loose fiscal policies. While the European Commission and the ministers of finance returned yesterday to the heart of discussions on the best way? We oblige a Member State to respect the Treaty of Maastricht (? Les Echos? September 27), both on the objectives of government deficit and debt, Jean-Claude Trichet suggested adding a level of contr? the Extra? an advisory body of \"Wise Men\" at the Union level, which would provide a second opinion?, in addition to the Commission.

? The independence of analysis, trial and controlled? The must never be questioned?, He said, in a thinly veiled criticism against the EU executive, including past recommendations n have not always been followed. But more often, because it was to get the backing of finance ministers, reluctant to severity towards each other. The president of the ECB would like nothing less than a? leap forward? in strengthening the governance of the European Union.
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