The Associated Press October 5, 2010, 6:11PM ET

Summary Box: EU says euro too strong vs yuan

THE CONCERN: European leaders say the euro is too strong against China's yuan, putting the 16 countries that share the currency at a trading disadvantage. The stronger euro makes European exports more expensive abroad.

THE TIMING: Three top eurozone economic officials met with China's prime minister on Tuesday.

THE OUTCOME: While many countries are taking action to control their currency, little is expected to change in Europe. The European Central Bank remains skeptical of interventions, such as actually buying and selling currencies to affect exchange rates. Officials issued no specific action recommendations following Tuesday's meeting.


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