BOGART'S FOREX WORLD

Countries who belong in the Euro Zone, especially here in Gothenburg, Sweden are discussing some ways to boost their coordination among their respective economies. It was discussed by Luxembourg's Prime Minister and Finance Minister Jean-Claude Juncker. He planned this meeting to the region's finance minister, and it follows a pledge for more global economic operation at last weekend's meeting. He said that this bid is for greater coordination with the Group of 20, who leads the industrialized and developing countries all around Europe.

The Euro economy remains fragile, according to Juncker in a news conference. He also said that it's too early to withdraw fiscal stimulus support for the region's economy. Around 2011, the finance ministers are discussing some ways to unwind the support. The 11/3 European Commission's forecasts will outline prospects for 2010 and 2011, and it said to be the key to decide whether the Euro Zone should unwind the government's support for the Euro economy.

Juncker also said that the finance ministers of Euro Zone have discussed about developments in foreign -exchange markets. It will be figured this weekend prominently, as the Group of Seven leading industrialized companies meet in Istanbul, Turkey for this issue. European Central Bank President Jean-Claude Trichet said that there is a very strong sentiment against foreign exchanges with excessive volatility in rates. Earlier Thursday, Euro traded below $1.46.

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Note: This report was not copied and pasted, but truly rewritten and revised. The author of the original news report was Adam Cohen of Dow Jones Newswires, which could be found in the link source above..