Huffpost Business

Volcker: Euro Risks 'Disintergration' After Greece Crisis

Posted: Updated:

May 14 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker said he's concerned that the euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region's members.

"You have the great problem of a potential disintegration of the euro," Volcker, 82, said in a speech in London yesterday. "The essential element of discipline in economic policy and in fiscal policy that was hoped for" has "so far not been rewarded in some countries."

Read the whole story at bloomberg.com

Around the Web

Volcker Rule - Wikipedia, the free encyclopedia

Volcker: Taxes likely to rise eventually to tame deficit | Reuters

Volcker: Consider Higher Taxes To Tame Deficit

Obama's 'Volcker Rule' shifts power away from Geithner ...

Euro Sovereign Risk Back in the News; Volcker Worries

Sarkozy, Ackermann, Volcker Weigh On Euro