The U.S. subprime credit crisis will not have "too noticeable" an impact on the European Union economy, Jean-Claude Juncker, chairman of the euro zone's group of finance ministers, said in an interview published on Monday. Juncker, Luxembourg 's Prime Minister as well as Euro Group chairman, also told Spain 's Expansion newspaper all members of the euro zone, apart from France , saw no need for an exchange rate (63 USD, 1,74%) for the currency. He said the European Central Bank's performance during the global credit crunch had been exemplary and its priority should be price stability.
(Source: Reuters)