July 9, 2011 / 8:17 AM / 8 years ago

ECB's Trichet says euro zone has governance problems

Jean-Claude Trichet, President of the European Central Bank (ECB) answers reporter's questions during his monthly news conference at the ECB headquarters in Frankfurt, July 7, 2011. REUTERS/Kai Pfaffenbach

AIX-EN-PROVENCE, France (Reuters) - ECB president Jean-Claude Trichet said on Saturday the euro zone had governance issues, but was still in a better situation than elsewhere in the world.

Speaking at a conference in southern France, Trichet added that the euro zone was not alone in having problems, but that the world’s biggest countries without exception had “extremely serious problems.”

“The euro zone in general is in a little bit better situation, but it has governance problems,” he said.

Reporting by Marie Maitre and Jean Baptiste-Vey; writing by John Irish

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