Luxembourg Prime Minister Jean-Claude Juncker, the future head of the euro group of euro zone finance ministers, said on Monday that high oil prices were hurting European economic growth prospects. He also said there was a risk of "a few problems" if the current trend in the euro's exchange rate continues. The euro has risen recently against the dollar. Juncker said exchange rates reflected economic fundamentals on both sides of the Atlantic at the moment. Juncker, who was speaking to reporters in Paris after meeting French President Jacques Chirac, also said that most euro zone countries did not favour tax cuts on fuel in response to high world oil prices. Referring to a proposal by French Finance Minister Nicolas Sarkozy, Juncker said he saw nothing wrong with recycling any windfall tax receipts governments might receive as a result of taxes rising hand in hand with oil prices. He said speculation accounted for a substantial part of the high oil price and that more transparency would help remedy this. He suggested that Europe should publish regular oil stocks reports as is done in the United States. "I am not an oil market specialist but I am told that some countries don't want to publish oil stocks for security reasons," Juncker said.///