EU's Barroso notes concern over euro's strength

Jose Manuel Barroso, the president of the European Commission, has acknowledged that the euro is now worryingly strong.

Barroso told reporters on Tuesday 4 March that the recent appreciation of the single currency was "a matter of concern in some sectors of our economy."

The euro, now at a record high against the greenback, is worth $1.5285, up 4.8% since the start of the year.

"The real question to consider is whether one should think about intervention," said Daniel Gros, the director of the

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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