EU Will Remain Stable Currency Platform, ECB's Honohan Says
Monday, August 16, 2010
Aug. 16 (Bloomberg) -- The European Union will remain a stable currency platform, European Central Bank Governing Council member Patrick Honohan said.
"The union is prepared to use fiscal resources to take care of member countries with fiscal imbalances," the Irish Central Bank Governor Honohan told a conference in Hong Kong today.
Europe is still in gradual recovery, Honohan said.