Euro Offers Protection Against FX Speculation, Says ECB's Nowotny

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Published: Wed, 04 Feb 2009 09:13:49 +0100

Euro Offers Protection Against FX Speculation, Says ECB's Nowotny

"Even in Great Britain, the idea is no longer that far off," Nowotny said in an interview with Austrian newspaper Oberösterreichische Nachrichten, published on Wednesday.

The central banker's comments mirror those of EU Monetary Affairs Commissioner Joaquin Almunia, who said he sees no chance of any country leaving the euro zone and that, conversely, the chances are "high" that some Nordic countries and the UK could join.

Written by CEP News European Staff, eunews@economicnews.ca, edited by Stephen Huebl, shuebl@economicnews.ca

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