CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Eurozone finance ministers concerned about euro's fall

06-08-2010 10:38 BJT Special Report: Europe's Debt Crisis |

LUXEMBOURG, June 7 (Xinhua) -- Finance ministers from eurozone countries expressed concerns about the sharp falls of their shared currency euro as they gathered here for a monthly meeting on Monday.

"I am not concerned about the existing exchange rate. I am concerned by the abruptness of the fall of the euro," Luxembourg Prime Minister Jean-Claude Juncker, who chairs the eurogroup meeting of eurozone finance ministers, said on his arrival.

The euro fell to 1.1876 U.S. dollars on Monday, its lowest since March 2006, amid fresh anxiety about the spreading of debt crisis in the European continent after a leading Hungarian government figure said the country was in a "state comparable to that of Greece" and that "the bankruptcy of the state is close."

European major stock markets also plummeted at their opening today.

"I do not see any problem at all with Hungary. I only see the problem that politicians from Hungary talk too much," Juncker said.

The euro has shed some 15 percent of its value against the U.S. dollar in two months as the Greek debt crisis was feared to be spreading to other eurozone countries such as Spain and Portugal.

Echoing Juncker, Belgian Finance Minister Didier Reynders said the sharp fall of the euro is not desirable.

"What we must avoid is rapid and frequent fluctuations (of the euro's exchange rate)," he said.

Editor:Zhang Jingya |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program