Euro is facing disintegration, Commission warns
Olli Rehn, the economics commissioner, gave the warning as Mario Draghi, the head of the European Central Bank, criticised national leaders for a “lack of action” to help the single currency out of its crisis.
Spain remained at the eye of the financial storm yesterday, amid continuing fears for its banking sector.
Investors in Spanish banks are withdrawing money at a record rate, figures showed yesterday. More than £55 billion was withdrawn and moved out of the country last month.
Yesterday’s figures are for the month before the Spanish banking crisis entered its latest phase with the nationalisation of Bankia, one of the country’s biggest banks.
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"Euro is facing disintegration, Commission warns", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), janvier 2012. Consulté le 01/12/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/euro-is-facing-disintegration-commission-warns