June 20 (Bloomberg) -- Bank of England policy maker Adam Posen said the euro has been a success "as a monetary unit" and it will get through the crisis in the currency region.
"The euro has been a success as a monetary unit and as a monetary union, but people expected too much from it and it was never going to take the global role that some fantasized for it," Posen said at a conference in Madrid today. "The euro will get through it," he said, referring to the region's debt crisis.
"The euro has been a success as a monetary unit and as a monetary union, but people expected too much from it and it was never going to take the global role that some fantasized for it," Posen said at a conference in Madrid today. "The euro will get through it," he said, referring to the region's debt crisis.
