EUR will not collapse – EU’s Moscovici

Pierre Moscovici, member of the Eurogroup, has ruled out on Thursday a collapse of the single currency. His comments came as a response to President Trump’s comments that the euro could disappear in 12-18 months.

He added that the euro area needs to be more united, while it remains pointless to try to divide the Europeans.

Moscovici also said that some of Trump’s policies signal nationalism and protectionism.