{"id":19771,"date":"2010-05-16T00:12:13","date_gmt":"2010-05-16T00:12:13","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/trichet_pegs_euros_future_to_tighter_fiscal_management\/"},"modified":"2010-05-16T00:12:13","modified_gmt":"2010-05-16T00:12:13","slug":"trichet_pegs_euros_future_to_tighter_fiscal_management","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=19771","title":{"rendered":"Trichet Pegs Euro&#39;s Future to Tighter Fiscal Management"},"content":{"rendered":"<p>Amid concern in financial markets that the debt crisis could break apart the euro zone, European Central Bank President Jean-Claude Trichet warned of contagion dangers and called for more action by euro-zone governments to pool fiscal governance.<\/p>\n<p>&#8220;We are now experiencing extreme tensions,&#8221; Mr. Trichet said in an interview with Germany&#8217;s Der Spiegel magazine. The ECB provided a transcript Saturday.<\/p>\n<p>&#8220;In the market, there is always a danger of contagion\u201d\u201dlike the contagion we saw among the private institutions in 2008.&#8221; Mr. Trichet said. Contagion can flare up quickly, he said, even in &#8220;half a day.&#8221;<\/p>\n<p>What&#8217;s needed now, Mr. Trichet said, is &#8220;a quantum leap&#8221; in how Europe manages its fiscal economy, which he says in the most difficult situation since World War II.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704614204575246191746029122.html?mod=WSJ_Markets_LEFTTopNews\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid concern in financial markets that the debt crisis could break apart the euro zone, European Central Bank President Jean-Claude Trichet warned of contagion dangers and called for more action by euro-zone governments to pool fiscal governance. &#8220;We are now<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=19771\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,149,200,119],"tags":[],"class_list":["post-19771","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-economy","category-europe","category-globalization"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/19771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19771"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/19771\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}