Schroeder calls for better dollar/euro balance

Speaking on Friday 5 March, German Chancellor Gerhard Schroeder said he would be happy if the dollar and euro "come into a reasonable balance".

Schroeder said the strong euro against the dollar was harmful to German exports, and that German employment was heavily reliant on its export market.

"I would be happy if the weakness of the dollar and the disproportionate strength of the euro come into a reasonable balance," Schroeder told a news conference, adding monetary policy was a matter for an