ECB president calls for governments to agree ambitious reforms.

Jean-Claude Trichet, the president of the European Central Bank (ECB), today (10 June) called on governments to agree ambitious reforms to strengthen economic governance in the EU.

Trichet said that it was “extremely important” for the EU to make a “quantum leap” in its economic governance as a response to the eurozone debt crisis. He said this applied “for Europe as whole, but particularly for the euro area”.

He said that he wanted Herman Van Rompuy, the president of the European Council, to secure progress in this area. Van Rompuy is chairing a ministerial taskforce on economic governance that is supposed to agree reforms by October.

“We have to improve formidably the [economic] governance of the euro area members,” he added.

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