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Europe Daily Bulletin No. 9519

10 October 2007
GENERAL NEWS / (eu) eu/eurogroup
Ministers decide on common position on exchange rates ahead of G7 Summit - Disappointment at some countries' budget plans

Luxembourg, 09/10/2007 (Agence Europe) - Concerns about current exchange rates are rising but the message being sent by Europeans remains timid. On Monday 8 October, the Eurogroup managed to decide on a position to be argued at the G7 summit in Washington on 19-21 October, drawing up a hierarchy of problems. Criticism of the dollar and yen is pretty mild, with ire focussing on the Chinese yuan. After a long debate on exchange rate policy, finance ministers in the eurozone again called on...

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