Juncker: Euro-Zone Not At Risk Of Recession
he euro-zone economy is not at risk of recession, and foreign exchange markets should focus on the U.S. economy's medium term prospects, Luxembourg Prime Minister Jean-Claude Juncker said Thursday. As government leaders began a two-day meeting here, the euro continued to strengthen to a fresh record high against the dollar Thursday. Juncker is head of the Euro Group of finance ministers from the 15 countries that use the euro. Juncker repeated the Euro Group's view that excessive volatility in foreign exchange markets is unwelcome because it can cause economic damage, regardless of the actual levels of the currencies involved.
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