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Brussels Economic Forum 2008: speech by Jean-Claude Trichet, President of the European Central Bank

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In his keynote speech at the 9th Brussels Economic Forum, Jean-Claude Trichet, President of the European Central Bank, said there was no place for complacency on inflation. He further told participants that price stability in the medium term had to be permanently ensured and that it was a pre-requisite for sustainable growth and job creation. Jean-Claude Trichet emphasized that the ECB has always taken firm and timely action to pursue monetary policy, which best serves the ultimate objective of maintaining price stability. He also encouraged Member States to continue implementing courageous structural reforms aiming at increasing the flexibility of all markets, at supporting innovative environments, and therefore increasing the growth potential of Europe and strengthening the resilience of Europe's economy. He said that the remaining structural rigidities were the main reasons for the relatively modest growth performance compared with Europe's potential.
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Type: EbS   Reference: 57088   Date: 16/05/2008   Duration: 00:40:09
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