Chicago Fed's Moskow on five years of the euro

In opening remarks to the "Five Years of the Euro: Successes and New Challenges" Conference given on 26 April Michael Moskow of the Federal Reserve Bank of Chicago said the five-year-old shared euro currency continues to pose challenges for its member countries.

Still included in the debate is whether "entirely separate legal and regulatory regimes and separate fiscal policies could hamper the euro's prospects," he said.

Other observers have noted that Europe was becoming more like the U.S. in

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