RPT-Fed's Bernanke sees mixed picture in euro zone
LONDON, March 25 (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.
- Malaysia military source says missing jet veered to west |
- Ukraine appeals to West as Crimea turns to Russia |
- Malaysia air probe finds scant evidence of attack: sources |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source
- CIA accused of spying on U.S. Senate intelligence committee