Vienna, 10/04/2006 (Agence Europe) - Charlie McCreevy Commissioner for the Internal Market declared on 7 April at the end of the first day of the informal Ecofin meeting that a evolutionary policy was being implemented rather than a “revolution”. He thought it necessary to bolster controls on the basis of current structures that were working well in a sector where European integration was developing. He added that a consensus existed on this approach. Jean-Claude Trichet, Governor of the European Central Bank (ECB) said that they were on the same wave length as the Economic and Financial Committee in its analysis of financial market stability, which judged it premature to envisage any radical changes to existing systems. According to Trichet, they needed to “fully support” the “Lamfalussy” system set up for elaborating European legislation in financial services. Karl-Heinz Grasser, President of the Council said that the concept of national surveillance was insufficient. He explained that in a context where “Europe is becoming an increasingly single financial market”, they needed to “envisage strengthened cooperation between control authorities” but reckoned that at this stage there was “no need for immediate changes”.