ECB exec board member Coeure speaking to Le Parisien newspaper 7 Feb

  • Eurozone has to undertake reforms
  • euro is a lever of sovereignty
  • euro has benefitted the disadvantaged
  • Greece's problems not related to euro membership
  • French people don't want to exit the euro
  • higher public debt wouldn't boost French growth

Coeure, never tiring of his own voice, spouting off on a number of subjects in support of the euro.

Meanwhile though the ccy itself is finding a few sellers again with EURUSD,EURGBP and EURJPY all near session lows at 1.0702,0.8587 and 119.65

ECB's Coeure - Euro at appropriate level for region