Tuesday, November 23, 2010

Chaos in Ireland: ECB Says "The Euro Will Survive"

In light, and in spite of, the current chaos in Ireland, the ECB came out and said that "the euro will survive the current crisis in Europe" ... "but spreading of Ireland's problems must be prevented.

Tha was from European Central bank Governing Council member Erkki Liikanen.

Would they ever say the opposite: "The Euro will not survive"? ;-)

"Euro will survive and euro's position is not at all in question,"  He added that he found it impossible that the euro zone would split into two different groups.
Luxembourg's finance minister Luc Frieden said "no alternative exists to the euro and those who seek to speculate against it will lose" "Investors must understand there is no alternative to the euro, who speculates and bets (against it) is making a mistake,"

Stumble Upon Toolbar

No comments:

Financial TV

Blog Archive

// adding Google analytics