Friday, March 7, 2008

Ernest Antoine Sellier about European currency

European Central Bank
Just days before the meeting of European economy leaders and day after the decision of European Central Bank to keep the high interest levels, the negotiations for need of keeping of the EUR value are interferating. The president of European Business Association (BusinessEurope) - Ernest Anton Selier announed yeasterday, that EUR "will not survive in long term if missing of any political support, in which we should understand Eurogroup" - wrote EU Observer.
The Eurogroup means the financial ministers of 15 members of Eurozone, who usualy meet every month. Earlier this month, the Eurogroup expressed some "inconvenience" about the very expensive EUR, but refused to comment the monetary politic of European Central Bank.

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