Jerome H Powell: Opening remarks – “Perspectives on Maximum Employment and Price Stability" Opening remarks by Mr Jerome H Powell, Chair of the Board of Governors of the Federal Reserve System, at “Perspectives on Maximum Employment and Price Stability", a Fed Listens event sponsored by the Board of Governors of the Federal Reserve System, Washington DC, 4 October 2019.
Its problems are not related to its euro membership: administrative shortcomings, very weak social protection, problematic tax collection, highly specialised economy... Again, the euro exposes a country’s strengths and weaknesses. Greece needs to overhaul its administrative and political structures to be able to prosper in the euro.