Fed's Greenspan on the euro in wider circles

In a speech on 'Euro in wider circles' given on 19 November to the European Banking Congress, Alan Greenspan of the Federal Reserve said the persistence of huge U.S, trade deficits can pose a risk to the U.S. economy, which thus far has proven resilient.

"Current account imbalances, per se, need not be a problem, but cumulative deficits ... raise more complex issues," Greenspan said in the speech in Frankfurt, Germany.

``Given the size of the U.S. current account deficit, a diminished appetite for

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