Reuters reports, citing a senior EU official on the matter
Finance ministers in the euro area will meet to discuss recent developments in the euro exchange rate based on a paper published by the European Commission.
The paper is said to reveal that a 'further substantial strengthening in the euro would carry significant downside risks to Eurozone growth, inflation'.
Adding that a 'long-lasting 5% appreciation of the euro nominal exchange rate could cut GDP growth by 0.9% to 1.1% after one year, and inflation by 0.5% to 0.8%'.
But given the fact that this seems to be purely conjecture and not really a political intervention towards the ECB, it shouldn't be of much impact.
That said, the need for them to even have a discussion is an interesting development.
