The outgoing head of the European Central Bank, Jean Claude Trichet, has warned that there should be no repeat of last week’s deal to reduce Greek debt.
He also said that Greece should have come under greater scrutiny before it joined the euro.
Mr Trichet, who steps down today, told the BBC that the agreement was a one off and other countries should honour their debts in full.
As the head of the European Financial Stability Facility Klaus Regling meets with Chinese officials in an effort to boost the bailout fund, Mr Trichet denied that eurozone countries are going “cap in hand” to China and said the move was “absolutely normal”.
As ECB President he has overseen some of the most turbulent years of the euro zone.
Mr Trichet hands over the reins of the ECB to the Italian central banker, Mario Draghi, tomorrow.
(source: rte)
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