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Euro rally hits critics.

THE single currency's comeback has dealt a bitter blow to Euro-sceptics.

The Euro has risen six per cent in a fortnight, confounding the critics.

Bundesbank president-designate Ernst Welteke warned it would be tough for exporters if the rally persisted.

His words put a brake on the currency yesterday but it was still close to a three-month high.

Simon Buckby, campaign director of Britain in Europe, said the revival was a crushing blow to "anti-Europe fanatics".

And Sir Ken Jackson, head of the engineering union AEEU, said it was clear the new currency was "finding its feet".
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Author:Manning, Clinton
Publication:The Mirror (London, England)
Date:Jul 28, 1999
Words:96
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