Greenspan: Rising Stock Markets Are Key to Recovery
Equities have risen more than 80% from the lows set during the financial crisis, noted Greenspan, benefiting investors and helping fuel the recovery.
Greenspan said he worries about the continued drop in housing prices, but he believes the industry would significantly recover if prices stabilize.
As for the European debt crisis, Greenspan is more concerned about countries not within the European Union. He pointed out that while not all EU members have managed to maintain EU restrictions regarding debt and deficit levels, at least they work toward a "common interest."