Rich countries like the U.S., Japan and Britain need to move quickly to get their deficits under control, the head of the European Central Bank said Monday.
Speaking on behalf of the world's major central banks, Jean-Claude Trichet said governments' financial situation in the developed world "has to be aggressively improved."
Rich countries have seen debts and deficits rise due to the financial crisis, recession and bank bailouts. In Europe, Greece, Ireland and Portugal have needed international rescue loans to deal with their debt crises.