November 24, 2010 / 7:29 PM / 9 years ago

Euro will survive - ECB's Weber

PARIS, Nov 24 (Reuters) - European Central Bank Governing Council member Axel Weber said on Wednesday he was convinced the euro would survive and that a financial safety net created by euro zone governments would be enough to see off speculators.

Weber, president of Germany’s central bank as well as a member of the ECB, also said he believed that euro zone states could come up with more money if the existing 750-billion-euro safety net ever proved insufficient.

Weber, who was speaking at a German Embassy dinner in Paris, said reintroducing Germany’s former Deutschemark currency would not be an alternative to the euro, which was launched in 1999. (Reporting by Paul Taylor; Writing by Vicky Buffery; Editing by Brian Love)

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