Eurozone finance ministers concerned about euro's fall

08:53, June 08, 2010      

Email | Print | Subscribe | Comments | Forum 

Finance ministers from eurozone countries expressed concerns about the sharp falls of their shared currency euro as they gathered here for a monthly meeting on Monday.

"I am not concerned about the existing exchange rate. I am concerned by the abruptness of the fall of the euro," Luxembourg Prime Minister Jean-Claude Juncker, who chairs the eurogroup meeting of eurozone finance ministers, said on his arrival.

The euro fell to 1.1876 U.S. dollars on Monday, its lowest since March 2006, amid fresh anxiety about the spreading of debt crisis in the European continent after a leading Hungarian government figure said the country was in a "state comparable to that of Greece" and that "the bankruptcy of the state is close."

European major stock markets also plummeted at their opening today.

"I do not see any problem at all with Hungary. I only see the problem that politicians from Hungary talk too much," Juncker said.

The euro has shed some 15 percent of its value against the U.S. dollar in two months as the Greek debt crisis was feared to be spreading to other eurozone countries such as Spain and Portugal.

Echoing Juncker, Belgian Finance Minister Didier Reynders said the sharp fall of the euro is not desirable.

"What we must avoid is rapid and frequent fluctuations (of the euro's exchange rate)," he said.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion