Stark says EU growth underpinning euro strength; ECB policy still accommodative

FRANKFURT (Thomson Financial) - European Central Bank board member Juergen Stark said the strength of economic growth in Europe has contributed to the recent appreciation of the euro.
Speaking last night at a dinner at the Frankfurt Business Journalists Club, Stark also said one should not "overinterpret" the impact of the day-to-day exchange rate of the euro on growth in the region, adding that ECB monetary policy is "still on the accommodative side".