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The [EU] Council of Ministers will have far more power over the budgets of member states than the federal government in the United States has over the budget of Texas.
Jean-Claude Trichet
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Jean-Claude Trichet
Age: 81
Born: 1942
Born: December 20
Banker
Economist
Politician
Lyons
United
Council
Power
Budget
States
Member
Government
Budgets
Ministers
Federal
Texas
Members
More quotes by Jean-Claude Trichet
I see that a number of persons might consider it appropriate to take the ECB as a possible scapegoat and I think that is not the case at all.
Jean-Claude Trichet
I think we have to reflect on a treaty change that would permit more than surveillance, with recommendations and appropriate sanctions. When recommendations are not followed and sanctions prove ineffective, European institutions should have the capacity to impose the necessary decisions on a particular country.
Jean-Claude Trichet