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Commodities Briefing - Categorized | Currencies more

Single currency in storms?

Posted on 12 January 2009

From Vanguardngr.com: Europe’s single currency has been a haven in recent financial storms. But as capital markets become more discriminating, it no longer affords shelter from reform.

Paul Volcker once likened global capital markets to a vast sea that cannot escape the occasional big storm. Mr Volcker, a former chairman of the Federal Reserve, who is now an adviser to Barack Obama, counselled that when the waters got choppy, it was far safer to be on a big ship….. Full Article: Source


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