ECB's Trichet on the euro; successes & challenges

In a speech on 'The euro; successes and challenges' given on 14 January at the Anglo-American Press Association in Paris, Jean-Claude Trichet of the ECB reiterated his view that "sharp" gains in the euro are "unwelcome and undesirable for economic growth."

In conclusion, Trichet stressed his firm belief that the Economic and Monetary Union has seen a number of successes in a very short period of time: the introduction a new currency for more than 300 million Europeans, the maintenance of

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