Schauble Backs Euro

Berlin (CNBC.com):  The German Finance Minister vigorously defended the Euro in comments published today in Bild am Sonntag.  Wolfgang Schauble said the Euro and the EMU (European Monetary Union will not fail.From The Local:

“Whoever bets his money against the euro will not succeed,” Schäuble told the mass circulation weekly Bild am Sonntag, in an interview to appear in Sunday’s edition.

“The euro will not fail,” added the minister, amid speculation that debt crises in some countries of the 16-nation zone could bring down the currency.

“All those in charge in Europe are agreed: The euro brings us all advantages. And therefore we will successfully defend it,” Schäuble added.

Shauble said that if even one small member departure, such as Greece or Ireland, the “results would be incalculable.”  Read more at CNBC…..