German Finance Minister Hans Eichel was quoted on Saturday saying the US government would one day realise that the rapid rise of the euro is also endangering the US economy - and then be ready to act. In an interview with Hessicher Rundfunk radio, Eichel said "and then America will also be ready to take actions" once the US government realises the euro's appreciation is hurting their own economy as well as others.
Eichel added in the interview to be broadcast later on Saturday that he expects the US government to take energetic steps against its high budget deficits that are a main cause of the euro's rise against the dollar.
Govt leaders in Germany and throughout the euro zone have complained the dollar's weakness against the euro threatens to slow growth in the 12-nation region where recovery is already losing steam.
Comments
Comments are closed.