The single currency is too strong versus the dollar, several French ministers have noted ahead of the European Council meeting, scheduled for February 7-8.
"If the euro has risen progressively since July 2012, when it fell to €1.20 to the dollar, it is because the risk that the eurozone will explode has receded," the daily explains. "But, at €1.35 to the dollar, the rate the euro reached on February 4, this is the level "at which concerns emerge" particularly regarding exports.
Was this article useful? If so we are delighted!
It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.
Discover our subscription offers and their exclusive benefits and become a member of our community now!