EU ministers call for currency appreciation in Asia
AFP, Luxembourg
EU finance ministers, eager to ease the pain of the euro's strength, stepped up pressure Tuesday on Asian countries to let their currencies appreciate ahead of an upcoming G7 meeting, Luxembourg Prime Minister Jean-Claude Juncker, whose country currently holds the EU's presidency, said that EU finance ministers believed an "orderly" appreciation of Asian currencies was "absolutely necessary". Juncker said he would voice European concerns about exchange rates at a meeting in Washington on Friday and Saturday of finance ministers of the Group of Seven (G7) most industrialised countries. Speaking at a press conference after meeting Monday with eurozone finance ministers, he said they had agreed that he would "repeat verbatim" at the Washington gathering a message he gave in February in London at the last G7 summit.
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