European Central Bank President Jean-Claude Trichet A 'Quantum Leap' in Governance of the Euro Zone Is Needed

In a SPIEGEL interview, Jean-Claude Trichet, the 67-year-old president of the European Central Bank, discusses the largest financial rescue package in the history of Europe, the role and importance of speculators in the euro crisis and the weakness shown by politicians in the euro zone member states.
European Central Bank President Jean-Claude Trichet: "We are facing the most difficult situation since the Second World War -- perhaps even since the First World War.'

European Central Bank President Jean-Claude Trichet: "We are facing the most difficult situation since the Second World War -- perhaps even since the First World War.'

Foto: JEAN-CHRISTOPHE VERHAEGEN/ AFP
Interview conducted by Christoph Pauly and Thomas Tuma