Europe urged to welcome weak euro

The current weak euro is good news for Europe as it helps its exporters, says the International Monetary Fund (IMF). Report of comments by Michael Deppler, Director, European Department, International Monetary Fund, who was discussing an IMF concluding mission statement on euro area policies issued 6 June 2005.

• Primary Source

IMF: Concluding Statement of the IMF Mission on Euro-Area Policies (In the Context of the 2005 Article IV Consultation Discussions with the Euro-Area Countries), May 29, 2005 http://www.imf.org/external/np/ms/2005/052905.htm

IMF: Transcript of a Conference Call on Euro Area Policies By Michael Deppler, Director, European Department International Monetary Fund, Tuesday, June 7, 2005 http://www.imf.org/external/np/tr/2005/tr050607.htm

---