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Luxembourg contradicts Hollande on euro exchange rate

06.02.13 @ 14:11

  1. By EUOBSERVER

The euro's exchange rate "reflects the fundamental data of the European economy," Luxembourg finance minister Luc Frieden told Bloomberg. French President Francois Hollande on Tuesday said the euro exchange rate is too strong and hampers economic recovery. Frieden also pointed out that last year the euro was considered "incredibly weak."

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