German economy minister says can't say euro overvalued

BERLIN Wed Jan 16, 2013 11:45am GMT

German Chancellor Angela Merkel (R) and leader of Germany's Free Democratic party (FDP) and Economy Minister Philipp Roesler arrive for the weekly cabinet meeting in Berlin January 16, 2013. REUTERS/Tobias Schwarz

German Chancellor Angela Merkel (R) and leader of Germany's Free Democratic party (FDP) and Economy Minister Philipp Roesler arrive for the weekly cabinet meeting in Berlin January 16, 2013.

Credit: Reuters/Tobias Schwarz

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BERLIN (Reuters) - German Economy Minister Philipp Roesler said on Wednesday he does not see the euro as overvalued, contradicting the outgoing Eurogroup chairman Jean-Claude Juncker who a day earlier called the common currency "dangerously high".

"We absolutely don't see things that way," Roesler told a news conference. He added that Germany does not need to worry about rising interests in the current year.

(Reporting by Sarah Marsh and Madeline Chambers; Writing by Stephen Brown)

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