15 February 2001, 13:51 Fabius sees euro benefiting from strong euro zone economy
PARIS (AFX) - Finance Minister Laurent Fabius said the euro should
benefit from the euro zone's strong economic position.
Europe's economic fundamentals are good, he said.
"More and more, everybody is becoming aware of that and this
necessarily has an impact on the parity (of the euro), which is fixed
by the markets," he said.
"If Europe keeps on being a strong economic zone, that is good for
the euro", he said.
Fabius also said that the euro zone, the U.S. and Asia need to
think about a scheme of "regulation" between the three zones in order
to have a more stable economic system.
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