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Mitterlehner relaxed about Euro crisis

Published: May 19, 2010; 00:00 · (Vindobona)

People’s Party (ÖVP) Minister Reinhold Mitterlehner has said he will "observe the Euro crisis in a relaxed manner for the next few weeks."

Mitterlehner relaxed about Euro crisis / Picture: © Wikimedia Commons / Blackfish [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

Speaking last night Mitterlehner sees the best Euro-dollar exchange rate to be "in the middle" since changes in it caused both "advantages and disadvantages" in that a stronger dollar made Austrian exports cheaper but imports more expensive.

He claimed that Austrian had weathered recession relatively well and it was now a matter of becoming more competitive, a process in which…

This article includes a total of 148 words.

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