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German economy minister says can't say euro overvalued
January 16, 2013 / 11:46 AM / in 5 years

German economy minister says can't say euro overvalued

BERLIN (Reuters) - German Economy Minister Philipp Roesler said on Wednesday he does not see the euro as overvalued, contradicting the outgoing Eurogroup chairman Jean-Claude Juncker who a day earlier called the common currency “dangerously high”.

German Economy Minister Philipp Roesler gestures while addressing businessmen at the end of a German chamber of commerce meeting with Spanish businesses, in Spain October 3, 2012. REUTERS/Paul Hanna

“We absolutely don’t see things that way,” Roesler told a news conference. He added that Germany does not need to worry about rising interests in the current year.

Reporting by Sarah Marsh and Madeline Chambers; Writing by Stephen Brown

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