Welteke: Strong euro 'an asset' and outlook good

Ernst Welteke told an audience in Frankfurt that the strong euro is allowing the ECB to keep interest rates low. The Bundesbank chief also said the economic prospects for the eurozone and Germany "are rather good" and urged Britain to join the euro.

He told the British Chamber of Commerce in Frankfurt that the negative impact of the euro's appreciation on the economic recovery should not be overestimated.

"Nominal and real interest rates are low and there is no shortage of liquidity," he said i

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