The euro's exchange rate is "alarmingly high" and is likely to affect the Eurozone economy which is showing signs of stability, Eurogroup President Jean-Claude Juncker said Tuesday.
While speaking at the annual gathering of business leaders in Luxemberg, Junker warned that an overvalued euro is likely to threaten the economy that is reemerging from financial crisis.
Junker's comments came just few days after European Central Bank President Mario Draghi's statement that the euro area may see a gradual recovery later in the year as there are some modest signs of stabilization.
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