RPT-Italy's Monti says strong euro could hurt exports, sees no forex "war"
ROME Jan 25 (Reuters) - Italian Prime Minister Mario Monti warned on Friday that a stronger euro could hurt exports but he brushed off talk of a foreign exchange "war" between major currency blocs.
"There are certainly currency tensions. It seems exaggerated to me to talk about a currency war," he told Italy's RAI radio.
"As far the risk that an excessively strong euro could harm exports of European countries, there's certainly that risk to a certain extent," he said.
However, he said that Germany's experience before the creation of the euro showed that it was possible for a country to be a major exporter even with a strong currency and said Italy needed to improve its competitiveness.
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video