-
ECB Mersch: Leaving the Euro Area Not An Option for Members
Leaving the euro is not an option for any member state, European Central Bank Governing Council member Yves Mersch said in an interview with the China Business News (CBN) published Monday. "The euro is an anchor of stability and confidence. I have no indication that this might change in the future. Leaving the euro area is not an option for any member country," the governor of the Central Bank of Luxembourg told CBN. Mersch defended the ECB's decision to raise rates earlier this year, warning that rising inflation expectations would have devastating effects, in particular in those countries under stress that ... (full story)