Euro ministers: growth not bad, inflation the risk - by Jan Strupczewski and Swaha Pattanaik
IMF growth forecasts for Europe were dismissed as overly downbeat by the region's finance ministers at talks on Friday where they concluded that inflation was the big danger to the economy right now Ministers said the euro's exchange rate strength helped to limit the bill for oil and other imported commodities, but they were unhappy about excessive swings in currency markets and pledged to say so at a G7 meeting on Friday of next week. Ministers and central bank chiefs from the 27 European Union countries met near the Slovenian capital of Ljubljana to discuss economic prospects dented by a U.S. downturn, the credit crunch in global financial markets and sky-high oil and food prices.
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