EU’s Van Rompuy Says Euro ‘Too Strong’ Compared to China’s Yuan

European Union President Herman Van Rompuy said the euro is “too strong” compared with the yuan, and that Europe is an attractive investment market for China after taking “strict” measures to address its debt crisis.

“The euro is the world’s second reserve currency and a strong and stable currency -- even too strong, compared for instance to your currency,” Van Rompuy said today in a speech in Beijing. Europe “is the world’s largest market, the biggest export market for China, and clearly a good place to invest.”