Chief Economist: European Central Bank 'In Danger of Overload'Submitted by emalvini on Fri, 07/12/2013 - 11:37
Chief Economist: European Central Bank 'In Danger of Overload'
AGENCE FRANCE PRESSE JUL. 12, 2013, 6:47 AM
The European Central Bank risks being overloaded by its new and huge task of watching over banks, executive board member Peter Praet warned in a newspaper interview on Friday.
"The eurozone was set up with too few institutions actually capable of acting. We're now paying the price for that," he said.