Nice - The President of the European Commission, Mr Romano Prodi, said yesterday the EU's difficulties in reaching a reform compromise package at its Nice summit would not affect the value of the euro.
Asked whether the currency would lose value because the summit had such problems agreeing reforms to prepare it to take in new members, he said: "I don't think so because the European economies are strong. I don't think the euro depends on the success of today's negotiations," he said, adding that the euro's value would reflect the underlying economic fundamentals "sooner or later".