Joaquín Almunia denies that the strength of the euro has affected EU exports

The European Commissioner for Economic and Monetary Affairs, Joaquín Almunia, stated unequivocally that the high value of the euro is not an obstacle to EU exports. He emphasized the benefits it has brought to the common economy and stressed the importance of avoiding abrupt changes in its exchange rate. During 2006, the euro appreciated by approximately 11% against the dollar.

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