Fed's Fisher:The extended importance of the euro

In the speech 'The extended importance of the euro' given on 17 November Richard Fisher of the Federal Reserve Bank of Dallas said challenges remain for the euro area.

"The euro area countries are still separate political entities. Never before have several sovereign nations of such economic size surrendered their monetary independence to a supra-national institution and agreed to share sovereignty in such an important area. The euro is sailing into the future through uncharted waters, without

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