'Strong euro won't harm EU growth'

European Central Bank President Wim Duisenberg said Thursday that the recent strong rise in the euro should not hit the competitiveness of goods made in the 12-country euro zone, nor harm the outlook for growth in the region.

Duisenberg told a news conference here that the ECB was not perturbed by the single currency's newfound strength.

"So far it's not a danger. It's not a matter of concern for us," he said.

Indeed, over time, a stronger euro would help to keep inflation down, since it woul