Monday, September 14, 2009

ECB President: The crisis is not resolved

President of the European Central Bank (ECB) Jean-Claude Trichet said that the crisis is not resolved, but expressed the view that now must devise a way to rebuild a stable situation.

Trichet believes that reforming the global financial system should be "so significant as far as possible, despite the fact that some quarterly indicators show that the situation returned to normal."

He expressed willingness to participate fully in the creation of the European Council on systemic risk - a new European structure, whose activities will focus on the identification, control and prevention of possible risks in the financial system of the entire European Union.

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