Strong euro hurting European firms -Peugeot CEO

Newswire

PARIS, June 30 (Reuters) - The strong euro is hurting European exporters, with the unit 30 percent overvalued compared with the Japanese yen, PSA Peugeot Citroen Chief Executive Christian Streiff said on Saturday. "We need to have a currency that serves growth, a currency that supports industry and not the only currency in the world that can be considered 10, 20, 30 or 40 percent above what we can consider to be a fair competition," Streiff said at a conference in Paris on economic ...

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