European leaders have succeeded in stabilizing the banking system, says Goldman President Gary...

|By:, SA News Editor

European leaders have succeeded in stabilizing the banking system, says Goldman President Gary Cohn, but they've still got work to do. "No one's given me an explanation of how we're really going to create growth in (the periphery)." One issue is the euro - too cheap for the core, he says, and too expensive for the periphery.