29 January 2004, 13:42  Spain's Rato says ECB sees Europe recovery signs

MADRID, Jan 29 - Spanish Economy Minister Rodrigo Rato said on Thursday after a meeting with European Central Bank President Jean-Claude Trichet that the central bank sees clear signs of recovery in the main European economies. Rato also said big currency swings could harm the global economy, repeating the common position from euro zone finance ministers and the ECB. "The European position is clear, a strong stable euro is good for Europe, but sudden movements can be harmful from the viewpoint of the interest of the economies of the world," Rato said after meeting Trichet on the sidelines of a conference. Asked whether currencies would be on the Group of Seven finance ministers agenda at the Florida meeting next week, Rato said they usually are.||

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