Monday, February 11, 2013

Trichet's View on Strength of Euro Puzzles

Former ECB chairman , Jean-Clause Trichet, expressed his opposition to those economists who advocate a weaker euro based on the fact that it would stimulate the European export industry and growth.

The comments come as a surprise, in light of the recent firming of the euro and concern by analysts that a stronger euro will constrain export growth and push the economy deeper into recession.

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