It's not exactly a vote of confidence during the currency crisis. Paul Volcker is respected enough that his comments could trigger even more concern about the falling euro which closed below $1.24 on Friday. He also voiced concern over the US debt. Reuters:
Europe's debt troubles could undermine its currency, White House Economic Adviser Paul Volcker said on Thursday.
Volcker, a former Federal Reserve chairman and a widely respected economist, told students at the London School of Economics that it was difficult to have a common currency without a common government.
