BRUSSELS (MNI) – Sustainable macroeconomic and exchange rate
policies are a precondition for global growth and financial stability,
the EU’s largest business lobby group, BusinessEurope, said on Friday.
“European, Chinese and US authorities should engage in a more
intense dialogue on macroeconomic imbalances,” Philippe de Buck,
Director General of BusinessEurope, said in a letter to European Council
President Herman van Rompuy and European Commission President Jose
Manuel Barroso ahead of the EU-China summit in Brussels next week.
“It is our strong belief that a precondition for a return to global
growth and financial stability is to ensure that macroeconomic and
exchange rate policies are sustainable and conducive to maintaining open
markets,” the letter continued.
The letter raised exchange rate policy as one of five “priority
topics” for the summit. Among the others were investment policy and
climate change decisions.
–Brussels: 0032 487 (0) 32 803 665, echarlton@marketnews.com
[TOPICS: MT$$$$,M$$FX$,M$$EC$,M$X$$$,M$$CR$,MGX$$$]
