Tumpel-Gugerell on the euro's success & challenges

In a speech 'Six years after the euro: Success and challenges' given on 5 November, Gertrude Tumpel-Gugerell of the ECB said excessive volatility in the foreign-exchange market is "not beneficial" and can be "painful" for exporters.

"Monetary unification has definitely been a success - despite all the critical views that were expressed before the project was launched. Monetary policy has achieved its goal to maintain price stability and is working well to provide full support to promote higher

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