France insists Euro is too strong; fears it could undermine exports

Tuesday, February 5th 2013 - 17:03 UTC

Full article 5 comments

French President François Hollande called on the Euro zone on Tuesday to develop an exchange rate policy to help protect the common currency from “irrational movements”. His comments came amid growing concern that the Euro, now trading around 1.35 to the US dollar, is too strong and could undermine the country’s exporters and hence wider economic growth. Read full article

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The euro being too strong has been destroying locally owned business's in the Med countries for years. The number of all inclusive hotels being touted by travel agents is increasing year on year, which means less money is actually going into the local economies. But the short sighted French and Germans didn't give a damn about the likes of Portugal, Spain, Malta or Greece until it all went pear shaped.
Feb 05th, 2013 - 06:04 pm - Link - Report abuse 0
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briton
just when they learn to walk,
the frech want to go back to crawling,
the sooner we get out the better,
if we are ever given a referenum,

personaly i dont trust him.
Feb 05th, 2013 - 08:02 pm - Link - Report abuse 0
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Britworker
Yes, it starts off about Europe and quickly becomes more about the beleagered French manufacturing sector. Sounds a little 'a la carte-esq' to me Monsieur Hollande.
Feb 05th, 2013 - 10:27 pm - Link - Report abuse 0
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Idlehands
The FX rate is quoted the wrong way round above. €1 = $1.35
Feb 06th, 2013 - 04:00 am - Link - Report abuse 0
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Be serious
Yes Monsieur Hollande but you can't cherrypick those bits you like and those you don't.... can you?
Feb 06th, 2013 - 05:24 pm - Link - Report abuse 0
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