Greenspan praises late ECB chief

Federal Reserve chairman Alan Greenspan on Monday 1 August praised the contribution of the European Central Bank's first president, Wim Duisenberg, who died on Sunday.

"Wim Duisenberg earned respect and admiration worldwide for his successful launching of the euro and his effective leadership as the first president of the European Central Bank," Greenspan said in a statement.

"On a personal level, I valued his friendship and I will miss him," he said.

The Managing Director of the International M