Bundesbank president and presumed Trichet successor Weber says Greece has not used the “dividend” provided by the euro well. The euro is as stable a currency as any that has gone before it, he says.
Low inflation and relative currency stability are presumably the “dividends”, Weber is referring to..
Also crossing the wires, Bank of Canada Governor Carney warns of the risks of contagion from Greece and says sovereign debt woes abroad are a downside risk to the Canadian economy.
EUR/USD is steady at 1.3242.
