ECB's Liebscher doesn't rule out intervention

ECB Governing Council member Klaus Liebscher said Friday that foreign currency intervention by the ECB could never be ruled out but would not be discussed in public ahead of time.

Asked in an interview with Reuters whether the ECB would be reluctant to intervene on its own to stop the rise of the euro on the foreign exchange markets, he replied:

"It (intervention) is something which is never excluded. But don't talk about it beforehand, only talk about it afterwards."

Liebscher's comments were