Bundesbank’s Dombret: public budgets in many EZ countries remain vulnerable to shocks

Andreas Dombret, Member of the Board of the Deutsche Bundesbank, is out on the wires, saying that public budgets in many EZ countries remain vulnerable to shocks and giving the currency union a robust overall architecture remains the greatest challenge. 

Meanwhile, the EUR/USD pair held on to its daily gains near session tops as investors looked forward the ECB President Mario Draghi’s testimony before the European Parliament, later in the day.