ECB's Issing is concerned by strong euro

The European Central Bank's chief economist Otmar Issing said on Friday 16 January thathe was "concerned" about the impact of the strong euro.

Issing mirrored recent comments by ECB President Jean-Claude Trichet speaking on the sidelines of a symposium in Germany.

"As the ECB President recently said, we're not indifferent to the big swings in the euro. We're actually rather concerned," Issing said.

But he added that while the strong euro undermined the price competitiveness of eurozone exports,