EU's Barroso notes concern over euro's strength

Jose Manuel Barroso, the president of the European Commission, has acknowledged that the euro is now worryingly strong.

Barroso told reporters on Tuesday 4 March that the recent appreciation of the single currency was "a matter of concern in some sectors of our economy."

The euro, now at a record high against the greenback, is worth $1.5285, up 4.8% since the start of the year.

"The real question to consider is whether one should think about intervention," said Daniel Gros, the director of the