ECB board member warns on surging euro

Belgium's central bank chief and European Central Bank (ECB) board member Guy Quaden was quoted by daily De Tijd as agreeing that further increases in the value of the surging euro would not be desirable.

"A further rise in the euro would not be desirable; an acceleration (of that rise) would be even worse," he told the daily De Tijd.

"Recent movements between the euro and the dollar, which have tended to be too brutal, are not welcome from the ECB's point of view," he added, reiterating comme