BRUSSELS ? The recent swings in the foreign exchange markets and the dangers of the export-sapping rise in the value of the euro were being debated at a meeting of European finance ministers Tuesday ahead of a gathering of the world?s leading industrial and developing economies.
Exchange rates and the threat of a ?currency war? are expected to feature heavily at the Group of 20 meeting of finance chiefs in Moscow on Feb. 15-16. There have been fears voiced across Europe recently that the rise in the value of the euro against other currencies, such as Japan?s yen, would make the region?s exports more expensive and thereby hold back any economic recovery.
However, in an attempt to calm these concerns, the Group of Seven leading industrial nations ? which includes Canada, the United [...]
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Source: http://www.ipolitics.ca/2013/02/12/eu-ministers-debate-currencies-as-g7-gives-warning/
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