The eurozone will survive the current Greek crisis thanks in large part to bold measures taken by the European Central Bank, said Federal Reserve Vice Chair Stanley Fischer on Thursday.
However, in the longer term, “the European monetary union will not survive unless it brings prosperity to its members,’ he added.
His remarks came at a European Central Bank conference in Sintra, Portugal.
Investors hoping for clues about the timing of a potential interest rate hike by the Federal Reserve were disappointed, as there were no remarks related to U.S. monetary policy.
The material has been provided by InstaForex Company – www.instaforex.com