‘Numerous episodes’ of heightened anxiety ahead for Europe, says RBA’s Stevens

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The euro project has had significant economic consequences around the world despite it being not being set up solely or even primarily as an economic project, Reserve Bank of Australia (RBA) governor Glenn Stevens tells delegates attending the Credit Suisse 15th Asian Investment Conference 2012 in Hong Kong on March 19. But he says the problems with the euro have "riveted" global attention and policy-makers realise the importance of resolving the European sovereign debt crisis.

"It is of course

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