Greenspan notes increasing role of the euro

Central Banking staff
27 Oct 2006

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Former Federal Reserve chairman Alan Greenspan said in a speech on Thursday 26 October that both private investors and central banks were moving away from the U.S. dollar in favour of the euro.

"We're beginning to see some move from the dollar to the euro, both from the private sector ... but also from monetary authorities and central banks," Greenspan told a conference sponsored by the Commercial Finance Association.

"We'll get to the point at some point that willingness to finance it will slow

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