FRANKFURT (MNI) – The euro is stable and not in crisis, Eurogroup
chairman Jean-Claude Juncker said Friday.
There are debt problems in some member states, Luxembourg’s prime
minister said at a conference here organized by the Progressive Alliance
of Socialists and Democrats in the European Parliament.
“The crisis is not a euro crisis,” Juncker insisted. “The euro is
still stable,” he added, noting that the euro-dollar exchange rate is
now above $1.40. The problem is rather that some countries of monetary
union are in a debt crisis, he underlined.
–Frankfurt bureau, +49-69-720142, frankfurt@marketnews.com
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