EU Finance Commissioner: Euro Will Not Collapse

World » EU | January 26, 2017, Thursday // 19:23| Views: | Comments: 0
Bulgaria: EU Finance Commissioner: Euro Will Not Collapse BGNES

The currency of the Euro zone will not collapse – neither now, nor in the next 20 years, stated on Thursday the European Commissioner for Economic and Financial Affairs Pierre Moscovici.

His comment was made in response to the statement of Ted Malloch – widely expected to be the new US ambassador to the EU – who said on BBC that he is “short” of Euros since he reckons the single European currency might collapse in the next eighteen months.

“I do not think that this is a very informed estimate. The Euro will not collapse, either in 18 months, or in 10 or 20 years,” retorted Moscovici.

“We have a single currency which is the main factor for our unity and its use is not an attempt to divide the European Unio

EU » Be a reporter: Write and send your article
Tags: single currency, Moscovici, Malloch, USA, EU, euro
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria