MILAN (Thomson Financial) - EU economic and financial affairs commissioner Joaquin Almunia said the euro is overvalued, while some currencies with an official exchange rate, such as the Chinese yuan, are undervalued. In an interview with the daily La Repubblica, Almunia said that there is also the risk that the dollar could further decline against the euro and called on the governments of the euro-zone to coordinate their stances. 'It is necessary that the euro zone finds a clear consensus and speaks with one voice at the next international meetings,' with the G8 and IMF, he said. The European Union is also seeking to hold talks with China before the autumn, Alumnia said. The commissioner called on governments to help the European Central Bank to fight inflation rather than criticise the central bank's policies. The ECB...
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