CLEAN: Jean-Claude Trichet steps down as head of ECB

The video begins with greetings and moves on to discuss the major weakness of the economy and monetary union, which is its insufficient governance. It then includes some unrelated remarks and concludes with a discussion on decision-making requirements involving PRPD and talent.

What is the significance of governance in the context of the Economic Union?

What does the phrase 'president of talent' refer to in the context provided?