ECOFIN Euro group's Juncker says not worried about euro rise UPDATE |
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Published
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Fri, 20 Apr 2007 09:27
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(Updates with comments by Spain's Solbes, Ireland's Cowen)BERLIN (Thomson Financial) - Euro group president Jean-Claude Juncker said he is not worried about the recent strong appreciation of the euro.'I don't see any reason to worry about the euro, it has appreciated, not in a brutal fashion but slowly,' he told reporters as he entered a euro group meeting here.Spanish finance minister Pedro Solbes said: 'Our main preoccupation should be excess volatility.'Juncker also spoke of the need for more transparency on hedge funds and said this will be a topic for discussion at the two-day meeting which starts today.'There is a need for more transparency (of hedge funds) and we are working on it,' he said.Irish finance minister Brian Cowen said: 'We have to have a good regulatory framework.'.The euro group is meeting ahead of a wider informal gathering of all 25 EU finance ministers and central bankers.jessica.mortimer@thomson.comjkm/jlc/fr/vm/lamCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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NASDAQ
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IBM
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Euro group's Juncker says no negative impact from equities slide 