EU finance ministers voice concerns

Eurozone finance ministers, meeting in Brussels on Monday night, 16 November, avoided pressuring the ECB over interest rates or intervention to stabilize the euro, but did voice their concerns over the euro's strength against the dollar.

Ministers echoed concerns of ECB officials last week, such as ECB president Trichet's description of the euro's recent rise as "brutal" and undesirable. Gerrit Zalm, the Dutch minister of finance, said that recent exchange rate changes were unwelcome, but that