Original Article Post Date:
The ECB’s (Sort Of) Stable Euro
James Neuger, Bloomberg, 4 September 2012
The euro has remained “remarkably stable” despite the debt crisis, the Brussels commentariat heard from the European Central Bank yesterday. Summarizing a report released in July, ECB officials said at the Bruegel research institute that the currency’s relative buoyancy, and steady share of international reserves and capital flows, are signs of market confidence that it will stay in one piece.