31/05/2010 (Agence Europe) - The president of the European Central Bank (ECB), Jean-Claude Trichet has appealed for a genuine “budgetary federation” to increase surveillance of EU member states' public finance, which have both individual and collegial responsibility in this area. In an interview to the French newspaper Le Monde on 1 June, Mr Trichet said that “we are a monetary federation. We now need to have the equivalent of a budgetary federation in terms of control and surveillance...