Fed's Bernanke sees mixed picture in euro zone

LONDON Mon Mar 25, 2013 3:42pm EDT

LONDON (Reuters) - The situation in the euro zone has shown the difficulties of operating a single currency across several countries, Federal Reserve Chairman Ben Bernanke said on Monday.

"There is a basic question - what is the right size for a single monetary policy?" Bernanke said in response to a question at a panel discussion in London.

While some aspects of the euro zone were optimal, including the credibility of its central bank to deliver low inflation, there were also differences across countries in terms of competitiveness and their different stages in the economic cycle, he said.

"So I think it is a mixed picture," Bernanke said.

(Reporting by Marius Zaharia and Marc Jones, writing by William Schomberg; editing by Ron Askew)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article 

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.