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Meeting of Euro finance ministers in Luxemburg

Michael BärJune 7, 2010

As the single European currency - the Euro - dipped to new multi-year lows against the US Dollar Monday, European finance ministers indicated that they are in no rush to halt the euro’s slide. At a meeting in Luxembourg, ministers said the Euro had been too strong, and that its drop in value will expedite the Eurozone economy recovery by making exports cheaper for foreign buyers. However, many are still worried about the reasons behind the weaker euro....and the Washington-based IMF says Eurozone countries should cede more control over national budgets to Brussels in order to ensure a well-functioning monetary union.

https://p.dw.com/p/NkJa