As per the reported information, Jean-Claude Trichet, the European Central Bank (ECB) President has recently made a very surprising statement.

He accounted that the Spanish government officials were continuously requesting the region’s bank officials to help them in the fund shortage and cut unemployment problems.

In order to give clear picture about the issue, the President further asserted that the bank certainly had some plans regarding the Spanish bonds purchase in the secondary markets.

Moreover, he also assured that soon the government officials would take several steps to stop the increased money shortfall overrun, as they would be targeting its 6% of gross domestic product on providing the immediate problem solutions.

He also advised the management to perform one more renovation procedure of wage barter rules to permit for deeper improvement methods in Spanish wage records, so that hiring rules could be made extra flexible.

On the other hand, while sharing his views about the issue, he added, “In the future, we can imagine a confederation with a minister of finance with responsibilities including the regulation of the solvency of the euro zone”.