EURO: VAN ROMPUY, ITS STRENGTH HID EU BUDGET PROBLEMS

London – Van Rompuy: a strong Euro “concealed” the budgetary problems of many European Countries. The statement was made by the President of the European Council in an interview to the Financial Times. “The error is not what happened this year – he explained – but what occurred during the first 11 years of the Euro’s history. The single currency increasingly gained force. In practice, we ended up being the victims of our own success”.