Eurogroup President and PM of Luxembourg Jean-Claude Juncker

Paris – Mr. Jean-Claude Juncker, the chairman of the Eurogroup of euro zone finance ministers, said the current status of the euro did not worry him much and dismissed the statement by Hungary that it would also face the Greek-style debt crisis.

Mr. Juncker who is also the Prime Minister of Luxembourg and who heads the regular monthly meetings of the euro zone finance ministers told in an interview on Radio France that the situation in Hungary does not worry him, and instead he is more worried by the speed at which the value of euro has fallen down most recently.

He further added that the Chinese currency Yuan was also undervalued, and that the measures taken by the euro zone members to deal with the current debt crisis is sufficient if the financial markets comprehended them and the governments took the conditions seriously for the help required to come out of this current economic scenario.

[Reuters]