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MercoPress, en Español

Montevideo, November 17th 2024 - 00:19 UTC

Tag: Arnaud Montebourg

  • Tuesday, February 5th 2013 - 17:03 UTC

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

    “Europe is leaving the Euro vulnerable to irrational movements” President Hollande told the European parliament in Strasbourg

    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.