Germany’s finance minister has played down concerns over the impact of the upcoming French election on the euro.
The common currency has been on an uncertain path due to the unpredictability of the presidential vote this Sunday, but according to Wolfgang Schaeuble, the euro “can survive.”
“I’m quite optimistic and I think the French people will take a reasonable decision. That means a decision that allows, so the euro can survive,” Wolfgang Schaeuble, finance minister of Germany told CNBC on the sidelines of IMF-World Bank spring meeting in Washington.
The euro was trading at $1.0726 on Friday morning, up by 0.1 percent.
With two of the main frontrunners campaigning against the common currency and pledging extra spending, investors are worried about France’s economic future, but mostly about the stability of the euro zone and the European Union.