Tuesday, May 15, 2012

Profiles in Carnage: Luc Coene, Gov. of the Central Bank of Belgium

A refreshingly modest man, Luc Coene says that Greece may leave the Euro or stay; there is nothing central bankers can do about it: "But of course, if one member decides it no longer has a shared interest in being a member [of the euro], you must allow them to get out." Euro zone growth: "This is basically a crisis of confidence. . We [central banks] cannot stimulate the economy as such." Coene may be the only above-average central banker in the world.

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