Tuesday, June 8, 2010

Tough to say if euro fallen enough - Portugal econ min

SHANGHAI: It is difficult to say whether the euro has fallen enough, Portugal's economy minister said on Tuesday, June 8, adding he hoped the steps taken so far to stabilise the debt crisis in Europe would work.

"I hope the efforts are strong enough to stabilise the situation and launch the economic recovery," Jose Vieira da Silva, Minister of Economy, Innovation and Development, told reporters on the sidelines of a conference in Shanghai.

The euro was pinned near four-year lows on Tuesday, having fallen sharply over the last several weeks on debt problems in Greece, Portugal and other countries. ' Reuters

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