Prodi Says Europe Hurt by Too Much Austerity Amid Very High Euro
This article is for subscribers only.
Former Italian Prime Minister Romano Prodi said fiscal austerity measures in Europe have been excessive and called the euro too high.
“The euro has a very high rate of exchange,” Prodi, a former European Commission president, said in an interview with Sara Eisen airing on Bloomberg Television today. “I do think that it’s stronger than needed.”