We have a mature, rational hand at the tiller. Good news.
Onésimo Alvarez-Moro
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Protests stirred by the introduction of new accounting standards in Europe mirror those that greeted the euro and are likely to fade away, according to the new chairman of the trustees who oversee the International Accounting Standards Board.
Tommaso Padoa-Schioppa, who succeeded Paul Volcker on January 1, said there were clear parallels between International Financial Reporting Standards and the single currency - both introduced to help create a borderless market in the European Union.
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