DAVOS: Trichet says euro debt resolution 'work in progress'

Solving the euro zone debt crisis is a work in progress, European Central Bank President Jean-Claude Trichet said on Wednesday.

"Well it is a work in progress of course and we are calling on all partners to do the job," Trichet told Reuters Insider television at the World Economic Forum in Davos.

"They all have to be ahead of the curve in terms of proving to investors, savers, their own households and entrepreneurs that they are doing the job."

Trichet repeated his call for the euro zone's rescue fund to be extended and made more flexible and said that could include allowing it to buy government bonds.

"That is part of the overall flexibility," he said. "I don't want to dictate measures to governments."

After a rocky start to the year, smooth debt auctions in countries like Portugal, Spain and Italy, and promises by euro zone leaders to unveil a new anti-crisis package at a March 24-25 summit have halted the contagion that led some experts to question last year whether the euro would survive.

Trichet said he had nothing to add to the last ECB statement he delivered on inflation after the ECB left rates at a record low 1.0 percent earlier this month.

A Reuters poll of 82 economists, published on Wednesday, produced a median forecast for the first ECB rate rise in the final three months of this year or early next.

Euro zone inflation exceeded the European Central Bank's two percent target for the first time in two years last month.