ECB and finance cheifs issue euro warning

The head of the central bank, Jean-Claude Trichet, joined the chairman of the 12 Eurozone finance ministers at a news conference to reinforce the message of a written statement.

"We are of the opinion that excessive volatility and disorderly movements in exchange rates are undesirable for economic growth," said a joint statement read out by Dutch Finance Minister Gerrit Zalm after Eurozone talks attended by ECB President Jean-Claude Trichet.

"We will monitor the situation closely," it added.


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