Euro surprisingly strong - Bank of France deputy chief
SAARBRUECKEN, Germany Jan 15 (Reuters) - The euro is surprisingly strong given that economic growth rates are stronger in the United States than in the euro zone, Bank of France Deputy Governor Anne Le Lorier said on Wednesday.
"Today, the euro has reached a level which is surprising, given, for example that the growth forecasts are better for the U.S. than for Europe," she said in a panel discussion at the Bundesbank's regional office in Saarbruecken, speaking through an interpreter.
ECB Executive Board member Yves Mersch, also taking part in the discussion, said there were more downside than upside risks to price stability in the euro zone but he did not see deflation risks.
- Missing jet may have strayed toward Andaman Sea: Malaysian air force |
- NYC buildings explosion kills two, more missing
- Malaysia military source says missing jet veered to west |
- EU moves towards travel bans, asset freezes for Russians |
- Exclusive: EU approves framework for asset freezes, travel bans on Russia