The euro is irreversible despite its faults: ECB's Coeure

August 27, 2015 11:44 AM

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The euro is irreversible despite its faults: ECB's Coeure

FRANKFURT The euro is an irreversible project even though the people of Europe lack confidence in the currency union's ability to deliver all promised benefits, European Central Bank executive board member Benoit Coeure said on Thursday.

Greece, bailed out by the euro zone this month, came close to leaving the bloc with some, including Germany's finance minister, advocating a "temporary" exit.

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