PARIS May 14 The centre-right candidate to head
the European Commission said on Wednesday he would not hesitate
to propose foreign exchange policy guidelines binding on the
European Central Bank if the euro were to become too strong.
Former Luxembourg Prime Minister Jean-Claude Juncker, who
heads the centre-right European People's Party campaign in this
month's European Parliament elections, told reporters he could
not disagree with those, notably in France, who contend that the
17-nation single currency is too strong.
"If I were president of the Commission and if the strong
euro were to become too strong, I would not fail to propose
general guidelines on the exchange rate to finance ministers of
the euro zone for their consideration," he told the
Euro-American Press Association in Paris.
"Is the euro exchange rate strong? Yes," he said. "I would
not say that those who say the euro is too strong are wrong... I
would draw your attention to the simple fact that the same
exchange rate applies to all sub-economies of the euro zone."
(Writing by Paul Taylor; Editing by Hugh Lawson)