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View Full Version : EU Officials Concerned About Risks of Pound Drop, Document Says - Bloomberg



NewsWhore
02-24-2009, 09:20 PM
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EU Officials Concerned About Risks of Pound Drop, Document Says (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DaGPs2h612EMY%26refer%3Deurope&cid=1307901749&ei=U52kSbqkApLiwQGE2YyOBw&usg=AFQjCNFZKYUbvfgB_OCtSf1Z05GSUhGykw)
Bloomberg
The currency’s weakness “is a source of concern for the euro area.” The report contradicts Prime Minister Gordon Brown’s argument on Feb. 13 that a weaker currency helps rather than hinders the economy. With the pound down 18 percent against the euro ...


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