Yuan's dollar link hurts Europe: Barroso
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.
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.