Mon, Feb 11, 2013 - Page 5 News List

‘Currency wars’ back on the international agenda

RACE TO DEVALUATION:France argues that the external value of the euro should not be left to market forces, but Germany and the ECB insist the currency is not overvalued


German Finance Minister Wolfgang Schaeuble also expressed “deep concern” about the change of direction in Japan, and German Bundesbank President Jens Weidmann has said he is worried that there could now be a “race to devaluation.”

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