LUXEMBOURG Jan 15 The chairman of the euro zone
finance ministers said on Tuesday that the euro was "dangerously
"The euro foreign exchange rate is dangerously high,"
Jean-Claude Juncker, president of the Eurogroup, told a business
meeting in Luxembourg without elaborating.
Juncker is stepping down as head of the Eurogroup, which
will decide his successor on Jan. 21.
The euro has risen 0.7 percent against the dollar and 3.0
percent versus the yen so far this year. In the fourth quarter
last year, the euro rose 2.7 percent against the greenback and
surged more than 14 percent versus the yen.