Former Federal Reserve Chairman Paul Volcker said European officials are lucky that the euro region’s first major crisis was sparked by one of its smaller members and he’s confident the currency will survive.
March 6 (Bloomberg) — Former Federal Reserve Chairman Paul Volcker said European officials are lucky that the euro region’s first major crisis was sparked by one of its smaller members and he’s confident the currency will survive.
Fellow euro-zone countries cannot abandon debt-ridden Greece because doing so would defeat the purpose of the common currency project, French President Nicolas Sarkozy said Saturday, a day before meeting with the Greek prime minister in Paris.