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Volcker warns US could go way of Europe

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Volcker warns US could go way of Europe

Volcker warns US could go way of Europe
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Former Federal Reserve boss Paul Volcker, now President Barack Obama’s special advisor, says America should beware a debt crisis similar to Europe’s if it does not get its budget deficit under control. He also said the fluctuations in the euro are excessive, and that the trillion-dollar rescue package shows the EU is committed to its single currency.