Euro Suffers From Uncertainty, Deutsche Bank Says, Times Reports
The euro’s survival in its present form “can no longer be taken for granted,” Thomas Mayer, chief economist of Deutsche Bank AG said, the London-based Times reported, citing an interview. Mayer said European Union policymakers have to move faster to reform the euro region to avoid its falling into another crisis, according to the newspaper. Financial markets were “left guessing” about the next step after policymakers promised last month to take any measures necessary to defend the euro, the Times cited Mayer as saying.
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