Thursday, January 26, 2017

EUROGROUP: NOT NEW to PREDICT the EURO’s DEMISE – Dutch finance minister jeroen DIJSSELBLOEM (NEW) – Veckans Affärer

2017-01-26 15:21

(extensions: from paragraph six)

BRUSSELS (Direct) Predictions of the euro’s downfall has occurred in the past during my four years as the president of the eurogroup. We will continue to work to strengthen the common currency.

It said the president of the eurogroup Jeroen Dijsselbloem told reporters on the way into the eurogroup meeting on Thursday.

He commented on the statements made to the BBC from Ted Mall, which is expected to become the U.S. ambassador to the EUROPEAN union. He said that both the EU and the future of the euro is uncertain, and recommended investors to go short on the euro in 2017.

“I have heard these predictions over four years. I am not a soothsayer, but we can only continue to strengthen the euro”, said Jeroen Dijsselbloem.

“The next few years, it looks like Europe will be on your own (without the US) when it comes to the economy and defense. Maybe it is a good thing so we must rely on ourselves to clear up our problems,” he continued.

the EU’s ekonomikommissionär Pierre Moscovici said that Ted Mallochs statement on the likely destruction within 18 months showed that he was not particularly well-informed.

“the Euro will not collapse within 18 months, or ten years or 20 years. We will make those who see our death disappointed,” he said.

He even quoted Mark Twain about the news of his death are greatly exaggerated.

“It is useless to try to divide the europeans,” he said.

Pierre Moscovici said, nevertheless, that the EMU-cooperation needs to be strengthened and that this work is underway.



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