Schaeuble Is ‘Confident’ Euro Can Be Saved as EU Considers Treaty Changes

Schaeuble Is ‘Confident’ Euro Can Be Saved as EU Considers Treaty Changes

German Finance Minister Wolfgang Schaeuble said that he’s confident the euro can and will be saved and will go on to become the most stable currency in the world.

Europe is witnessing a “crisis of confidence” that must be overcome by means of more strictly enforced budget rules in the euro area, Schaeuble said in an interview today on ARD television in Berlin. European Union treaty change could give the EU Commission a role in enforcing budget limits in member countries, he said.

To contact the editor responsible for this story: Alan Crawford at acrawford6@bloomberg.net

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