“The European Central Bank should weaken the euro, confronting the new ‘currency war’ head on to help address economic stagnation in the region, French Industry Minister Arnaud Montebourg said today. Calling for a more activist and ‘political’ management of the currency shared by 17 European nations, Montebourg said at a press conference in Paris that he wants ‘the European Central Bank to do its job.’ ‘The euro is too strong and doesn’t correspond to economic fundamentals,’ he said. The ECB ‘should prepare to confront a new currency war in which the weakening of currencies becomes a political tool.’”
