Greek Finance Minister Yannis Stournaras said the strength of the euro is a concern even as its current level shows a return in confidence in the 17-nation currency.
“I’m concerned about the high level of the euro,” Stournaras told Bloomberg Television’s David Tweed in an interview in Athens yesterday. “The other side of the coin is that there’s confidence in the euro, despite what’s been said about Grexit, the collapse of the euro zone.”
French President Francois Hollande on Feb. 5 called for government leaders to steer the euro’s exchange rate. The currency rose to a 14-month peak against the dollar this month and the highest in almost three years against the yen, making it harder for exporters to sell goods abroad.
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