Lagarde Says Committed to Keeping Euro ‘Alive, Strong’

French Finance Minister Christine Lagarde said the euro is a strong currency and leaders in the euro area are committed to keeping it “alive, strong and kicking.”

“We have taken steps within euro-zone to address this issue with massive funding and what our leaders have said is that we shall defend the euro,” Lagarde said in a speech to industry chambers in New Delhi today. “We are keen to keep the monetary zone and the currency strong, alive and kicking.”

The euro halted a three-session rally today, dipping 0.5 percent to $1.3344 as of 7:01 a.m. in Frankfurt. For the year, it has fallen 6.8 percent, following a gain of 2.51 percent in 2009.

To contact the reporter on this story: Unni Krishnan in New Delhi at ukrishnan2@bloomberg.net

To contact the editor responsible for this story: Chris Anstey at canstey@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.