Volcker: I Want the Euro to Survive

Filed under: Financial Crisis

A former chairman of the Federal Reserve said Europe will need years to restore economic balance, but he's rooting for both the euro and European economic integration to survive.



Paul Volcker, who chaired the Fed from 1979 to 1987, and currently an advisor to President Barack Obama, said the European Central Bank's intervention was the correct move, given the potential for contagion and destabilization in Europe, and that the move won't undermine the bank's independence, Bloomberg News reported Wednesday.

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Volcker: I Want the Euro to Survive originally appeared on BloggingStocks on Wed, 19 May 2010 17:40:00 EST. Please see our terms for use of feeds.

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