Europe's crisis is not a euro crisis: Siemens CFO

WASHINGTON (MarketWatch) -- The fiscal troubles sweeping the capitals of the euro zone are unrelated to the 17-member currency, Joe Kaeser, chief financial officer of German industrial company Siemens AG (SI, SIE.XE), said in an interview with Dow Jones Newswires at The Wall Street Journal's CFO Network conference on Tuesday.

"We need to make sure we do not confuse the crisis of economies with a crisis of currency," he said. "The euro is fine. It's not in crisis."

BOE's Posen Says Euro Currency Will Get Through Current Crisis

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.

SNB's Jordan: Worse euro crisis may hit Swiss: report

(Reuters) - Big Swiss banks have very little direct exposure to Greece but Switzerland may be affected if a Greek default destabilizes the whole financial system, the Swiss National Bank's vice chairman told a newspaper on Sunday.

In remarks similar to those he made at the SNB's monetary policy review on Thursday and in the SNB's annual Financial Stability Report, Thomas Jordan said a domino effect brought about by a Greek debt restructuring likely would cause further upwards pressure on the Swiss currency.

Battle lines drawn for a eurozone debt war

While Molotov cocktails burn on Athens’ streets, more vitriolic battles yet are blazing over Greece’s debt crisis behind the scenes, as financial markets and eurozone politicians fight their ground .

War has broken out in Greece. But the battleground is not on the streets, where rioters are venting their fury at planned spending cuts and painful social austerity. It’s on stock market floors and in the political corridors from Athens to Berlin and Brussels. The debt-ridden Mediterranean country is fighting for its future while, for the rest of Europe, Greece has become the frontline for the battle to save the euro.

Sarkozy urges European partners to reach compromise fast on euro crisis

PARIS — French President Nicolas Sarkozy on Thursday called on other European Union leaders to stop quarreling about how to help struggling Greece and instead display the unity that has underpinned the euro currency since its creation over a decade ago.

“What we need most today, is unity,” Sarkozy said. “We have to leave the national fights behind us to find our sense of common destiny again.”