The President of the European Central Bank (ECB), Jean-Claude Trichet said Monday in Strasbourg that 2011 will be decisive for the future of the European Union (EU) and of the Euro zone, as it is the year when economic governance will be revised, Mediafax reports. The process of modifying the Lisbon Treaty might also begin in 2011, he added. According to Trichet, the Treaty must be reformed so that Europe, as a whole, and the Euro zone become able to better face the challenges of the future, with a greater power of decision. The ECB President hailed the proposal of reforming the economic governance, adopted by EU member states in the European Council of late October, but once again emphasised that ECB officials believe the measures do not reach deep enough.
