Germany's Weber on financial stability

In a speech on 'Financial Stability and Globalisation' at the Second Conference of the Monetary Stability Foundation given on 3 June, Axel Weber of the Bundesbank said it is his wish that the conference will ultimately help to improve understanding of financial stability in a world experiencing rapid globalisation.

The euro is still a very young currency with only a short albeit encouraging track record. The sound institutional framework lends credibility to the euro. One of the objections

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