Euro up ...
Merkel coalition partner warns against euro weakening
German Chancellor Angela Merkel's junior coalition partner warned on Saturday against efforts to talk down the euro, saying a weaker currency would stoke inflation and hurt ordinary Europeans. "There is a new danger in Europe - that is the discussion about whether it would be better to weaken the currency instead of strengthening competitiveness," Philipp Roesler, leader of the pro-business Free Democrats (FDP), told his party. "We believe that trying to exert political pressure on the European Central Bank (ECB) is disastrous," he said. France and some other euro zone states fear that a strong euro will hurt their ... (full story)