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European Central Bank's Trichet urges European unity at IMF

Published: Saturday, Sep 4, 2010, 18:23 IST
Place: Rome | Agency: Reuters

Europe needs to agree common positions on international issues at the International Monetary Fund, European Central Bank president Jean-Claude Trichet said on Saturday.

"I call on Europe to have a unified position," he said, adding that that was his personal opinion and the bank has no official position on the issue.

Trichet's comments at a conference in Cernobbio, on the shore of Lake Como near Milan, follow a stand-off over Europe's strong presence on the IMF board, with the United States pressing for more power for emerging countries.

Trichet also repeated the ECB's longstanding line ruling out the possibility of Greece leaving the euro zone as a result of its debt crisis, saying a return to the drachma would be the worst option for Athens.

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