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Image header Agence Europe
Europe Daily Bulletin No. 9472
GENERAL NEWS / (eu) eu/economy

19/07/2007 (Agence Europe) - “We shouldn't intervene” in exchange rate markets to counter the euro's rising value, Economic and Monetary Affairs Commissioner Joaquin Almunia said at a conference in Bilbao, Spain, on Thursday. “I'm worried … looking to the future, if there are very rapid changes which aren't supported by fundamentals,” he went on, however. Until now, the strength of global export demand had far outweighed the negative impact of the euro's appreciation, Mr Almunia...

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