FRANK­FURT:

The Pak Banker - - FRONT PAGE -

The euro is an ir­re­versible pro­ject even though the peo­ple of Europe lack con­fi­dence in the cur­rency union's abil­ity to de­liver all promised ben­e­fits, Euro­pean Cen­tral Bank ex­ec­u­tive board mem­ber Benoit Coeure said on Thurs­day.

"The exit of a mem­ber coun­try would in­evitably lead eco­nomic ac­tors to won­der who would be next, with all the po­ten­tial desta­bi­liz­ing ef­fects that such spec­u­la­tion could en­tail," Coeure told a meet­ing of French diplo­mats in Paris.

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