May 2, 2016
Monday, January 27, 2014

Italy's Letta says EU able to deal with Argentina crisis

The European Union and the common euro currency are stronger than they were a year ago and much better positioned to resist any shocks stemming from a currency crisis in Argentina, Italian Prime Minister Enrico Letta said today.

"The troubles in Argentina today find a European Union that is much more solid, and a euro that is much more solid, and a better ability to deal with this kind of concern," Letta told a press conference in Rome.

The value of the peso plunged in recent days, causing turbulence in wider emerging markets, after the Argentine government altered restraints on its currency market.

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Tags:  Letta  Argentina  Italy  crisis  economy  dollar  EU  

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