By Daniel Tilles
Jan. 15 (Bloomberg) -- The euro may be hurt by fiscal turmoil within the 16-nation union, Citigroup Inc. said.
“The sharpening internal strains illustrate that the euro- zone is far from being an optimal currency union,” Michael Hart, a foreign-exchange strategist in London, wrote yesterday in a report. “These internal strains are independent of the external value of the euro but will in turn continue to undermine it.”
To contact the reporter on this story: Daniel Tilles in London at dtilles@bloomberg.net
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