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Yuan's dollar link hurts Europe: Barroso

Published: Sunday, Nov 29, 2009, 19:35 IST
Place: Nanjing | Agency: Reuters

The yuan's link to the dollar is problematic for some sectors in the European economy, European Commission president Jose Manuel Barroso said on Sunday, ahead of a summit with Chinese leaders.

"Not because we have a too strong euro but because we have a weak dollar, and this is indeed creating some problems," he told reporters.

Barroso said that he had delivered that message at a dinner with Chinese premier Wen Jiabao.

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