Advertise On EU-Digest

Annual Advertising Rates

1/13/11

Euro too strong against dollar says Sarkozy

France's President Nicolas Sarkozy said Thursday that the euro is still too strong against the dollar and the exchange rate is hurting French and European exports .
"Today it's better because we are at a euro-dollar rate of 1.29 to 1.30, but it is still too much," he told workers at a plant of the plane-maker Airbus in southwestern France.
"I know perfectly well that 0.1 points more on the euro is a billion in costs for the company," he said.


For more: Euro too strong against dollar: Sarkozy - The Economic Times

No comments: