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 Merkel Says Euro Is Stable Currency

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PostSubject: Merkel Says Euro Is Stable Currency    Thu Jun 02, 2011 6:27 am

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German Chancellor Angela Merkel on Thursday reportedly said that there is no Currency problem in Europe and the Euro Currency is stable.

The Currency
bloc has a "competitiveness problem," she said in Singapore. To resolve
this, it should boost competitiveness and need to put fiscal
responsibility at the heart of the efforts.

She reportedly backed French Finance Minister Christine Lagarde's candidature for the International Monetary Fund's top post.

German Chancellor Angela Merkel on Thursday reportedly said that there is no Currency problem in Europe and the Euro Currency is stable. (Market News Provided by RTTNews

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