“‘If Europe had a single fiscal authority, that would put them in a much closer situation relative to the United States. That would probably address many of the concerns, many of the problems that they had.’  Turning his attention to the future, the Fed chairman also said newer regulatory measures including the Dodd-Frank Act and the Basel, Switzerland, accords were needed to prevent crises over the horizon.” [Bernanke joins Obama in dispensing zero-credibility advice to foreign elites.]

http://abcnews.go.com/blogs/business/2012/08/bernanke-says-europe-needs-its-own-fed/

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