ECB's Nowotny: Euro as a currency was never in danger

Comments from Nowotny

• The big challenge now is to stabilize markets
• Problems are with member states
• Cautions against warnings about euro failing as a currency

Until there is a clear mechanism for countries to leave the Eurozone, there will always be concerns about a breakup.

Now that there is a period of relative calm in the Eurozone bond market, it would be a good time to put that mechanism in place but that kind of wisdom isn't Brussel's strong suit.