France’s central bank chief rejected the view that the euro region is undergoing a systemic crisis, playing down the risk of contagion from Ireland’s turmoil and hailing the euro as a “tremendous success.”
European Central Bank Governing Council member Christian Noyer said a strengthening euro creates unwarranted pressure on the euro-area economy.
The following is a transcript of remarks made by Christian Noyer , governor of the Bank of France and a member of the European Central Bank’s governing council. He spoke to journalists in Paris today.
"The general principle, and I think it is a good one, is that we share income and risk."
- Christian Noyer on Jan 13, 2015