The growth of the euro may slow economic recovery in Europe - Eurogroup.

Continued appreciation of European currencies against the U.S. dollar can affect export volumes and, consequently, slow process of rebuilding Europe's economy, the chairman of the Eurogroup, comprising the finance ministers of countries participating in the euro area, Luxembourg Prime Minister Jean-Claude Juncker. Words Juncker, speaking Friday at a news conference in Luxembourg, quoting Agence France Presse. The head of Eurogroup said that if "the euro will continue to linear growth, as in recent weeks, there is a risk that" the exchange rate will slow economic recovery in Europe. "I'm not very concerned about the current rate of the euro", - added, however, Juncker. This week, the agency notes, the rate of uniform European currency approached the mark of 1.50 against the dollar. On Thursday, the euro reached 1.4968 dollars mark, which was the maximum for the past 14 months. "I am very glad to hear that the American administration and U.S. monetary authorities again and again repeat that in the interests of the American economy (maintain) a strong dollar", - said Juncker. Agence France Presse notes that the United States regularly make statements supporting a strong dollar, but the Europeans suspect them of deliberately reducing the U.S. dollar exchange rate, which in the short term contributes to the growth of exports and the long term reduce the cost of government and private debts. Eurozone trade deficit in August amounted to 4 billion euros, while in July trade surplus monetary union was 12.3 billion dollars. Earlier on Friday, Karl-Theodor zu Guttenberg, Minister of Economy and Technologies of Germany, whose economy is the largest in Europe, said that the depreciation of the dollar against the European currency "is not a cause for concern on the part of Germany, and" the competitiveness of exports was not germanskogo depends on the dollar. " The agency notes that the theme of exports is particularly relevant for Germany, which competes with China for the title of world's largest exporter. Zu Guttenberg also said that the weak dollar is having a "favorable effect" on the level of oil prices.