Jean-Claude Trichet: Press briefing on the ECB Convergence Report Opening remarks by Mr Jean-Claude Trichet, President of the European Central Bank, at the press briefing on the ECB Convergence Report, Frankfurt, 20 October 2004. *  *  *  Ladies and Gentlemen, welcome to this special press briefing on the publication of the ECB’s Convergence Report 2004.
Ultimately, the incomplete set-up of the Banking Union and the full implementation of the resolution regime are a dangerous combination. One that calls for a comprehensive rethinking of the existing framework of safety nets6 – especially when monetary and fiscal policy have limited room for manoeuvre.