World
The fall in the value of the euro is a worry but the European single currency will stabilise, Germany's finance minister Wolfgang Schaeuble said.
Updated : May 30, 2010, 04:01 PM IST
"The depreciation over recent months is obviously a worry, but the euro will stabilise again," he said. "In the mid-term the high deficits at federal, state and local government level must be reduced to prevent inflation."