European economy, Franįois Hollande warns on euro strength
LONDON - Hollande warns on euro strength. Franįois Hollande has issued a clear warning over the current strength of the euro damaging the European economy, calling for international action to stem currency distortions. The euro should not fluctuate according to the mood of the markets, the French president told the European parliament. A monetary zone must have an exchange rate policy. If not it will be subjected to an exchange rate that does not reflect the real state of the economy. (Financial Times) He said he was not calling for the European Central Bank to set an exchange rate target, but he demanded an indispensable reform of [the] international monetary system.
LONDON - Hollande warns on euro strength. Franįois Hollande has issued a clear warning over the current strength of the euro damaging the European economy, calling for international action to stem currency distortions. The euro should not fluctuate according to the mood of the markets, the French president told the European parliament. A monetary zone must have an exchange rate policy. If not it will be subjected to an exchange rate that does not reflect the real state of the economy. (
