Euro is at "quite a good" level - German finance minister

BERLIN Thu Feb 21, 2013 1:31pm GMT

German Finance Minister Wolfgang Schaeuble poses for a family picture at the Chancellery in Berlin January 22, 2013. REUTERS/Thomas Peter

German Finance Minister Wolfgang Schaeuble poses for a family picture at the Chancellery in Berlin January 22, 2013.

Credit: Reuters/Thomas Peter

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BERLIN (Reuters) - The euro is at a relatively good level against the U.S. dollar, German Finance Minister Wolfgang Schaeuble said on Thursday, signalling he was happy with the current exchange rate.

Schaeuble said the euro had started its life at around $1.17 and was now trading at about $1.33.

"That is quite a good level," he said at an event with young people, adding that the common currency was more stable than Germany's deutsche mark had been.

(Reporting by Gernot Heller, writing by Madeline Chambers)

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