arenas_11
06-02-2005, 10:00 PM
In a potentially political setback to the evaluation of the euro, the single currency president of the European Union warned that the euro is overvalued relative to the dollar. Further, after no votes from the Dutch and France into the EU constitution referendums, Juncker indied that failing to agree to a funding for the euro zone could result in a astrophe. Juncker said he'd resign his post as prime minister if the Grand Duchy were to vote on July 10 against the EU constitution. Polls show support for the ministry falling. The euro is currently trading at $1.2268 from the dollar.
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