French minister calls on ECB to tackle FX

French Industry Minister Nicole Fontaine called on the ECB on Thursday 22 January to "seriously address" the problem of currency market instability.

"With my deepest respect for its independence, I would like to see the European Central Bank seriously address the problem, as it has finally started to do," Fontaine, who is junior to Finance Minister Francis Mer, told reporters.

France has been vociferous in recent days in calling for less instability and for discussions among the G7 economic po