Strong euro no problem while economy grows: ECB

FRANKFURT AM MAIN: The European

- - - appreciation.

- are designed to boost growth in the 19- nation single currency area, driving inflation towards

against the dollar.

They argue that the stronger single currency will slow growth - cheaper.

The euro has strengthened in re

said Thursday that central bank governors would decide in Oc- tober on the next steps for their slated to expire at the end of the year.

How the euro develops against the dollar will flow into - proaches.

- currency area -- would likely have “undesirable consequences for added.

in the eurozone’s ability to confront a stronger exchange - ik Ducrozet of Pictet Wealth

threshold with the euro close to

- edly insisted that they do not target the exchange rate, with the