Sovereign debt crisis reflects lack of confidence in euro: RBA’s Stevens

- Central Banking Newsdesk
- 07 Sep 2011

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Glenn Stevens, the governor of the Reserve Bank of Australia, on Wednesday said confidence in the euro was a more prominent issue than was the case during the financial crisis in 2008.

At the Western Australia Chamber of Commerce and Industry and Chamber of Minerals and Energy Corporate Breakfast in Perth, Stevens said: "Those countries at the so-called periphery are paying a high price as they play their part in keeping the euro together. But the ultimate outcome is going to hinge on the

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