German and Dutch leaders confident of euro pickup

Published November 19th, 2000 - 02:00 GMT

German Chancellor Gerhard Schroeder and Dutch Prime Minister Wim Kok both expressed confidence Saturday that the level of the euro against other major currencies would rise. 

 

The level of the euro will change because there is a dynamic and strong economy behind it, they told a press conference here. 

 

They held out very good prospects for the currency, which is currently trading at $0.8478. 

 

The two leaders were attending a meeting here to prepare for the next congress of European socialist parties which is to be held in Berlin in May.— (AFP)  

 

© Agence France Presse 2000  

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