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Image header Agence Europe
Europe Daily Bulletin No. 9407
Contents Publication in full By article 18 / 29
GENERAL NEWS / (eu) eu/economy

G7, indulgent towards Japan, still concerned about Chinese currency - Discussions on hedge funds to continue

Brussels, 16/04/2007 (Agence Europe) - The meeting of G7 finance ministers broke up at the weekend without a strong statement on exchange rates, leaving the way open for the euro to increase in value. The G7 press release on Friday restated what the ministers had stressed at Essen in February (see EUROPE 9364): that “exchange rates should reflect economic fundamentals. Excess volatility and disorderly movements in exchange rates are undesirable for economic growth”. Without singling out...

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