France questions ECB role on euro exchange rate

French prime minister Dominique de Villepin has said the European Central Bank should not be left alone to set exchange rates for the euro.

"We cannot allow the ECB to act alone on rates," said Mr de Villepin, according to Reuters.

Speaking at a meeting with sub-contractors for plane maker Airbus in southern France, he went on to warn that "its current level hurts some of our exports" and that Europe needs a "monetary shield."

"Let us equip ourselves with a real exchange rat...