Excess volatility of exchange rates has a negative impact on the economy, the head of the European Central Bank (ECB) Jean-Claude Trichet, speaking at a press conference following the meeting of eurozone finance ministers, held on Thursday in preparation for the upcoming meeting of representatives of the G7 Istanbul.

It seems to me, the world's regulators are interested in a strong and stable international financial system - quotes him as saying the agency Bloomberg. - Excess volatility and disorderly exchange rate movements have a negative impact on the economy and financial stability.

According to Trichet, it is very important to reach a global consensus on the issue of reforming the financial system.

Asked about the exit strategy, the head of the ECB said that measures to stimulate the economy should be revoked when it will begin rehabilitation. It must happen in our view, not later than 2011, he said.

I am confident that the measures developed have been implemented by us so that they can complete their operation in a natural way, - said Trichet. - That is why we confidently say that we can turn our program without any technical problems when necessary.

In the meeting of finance ministers of the European countries discussed how the issues of strengthening of the euro to other world currencies, as well as issues relating to timing and form of exit strategy.

Of course, we had to prepare an exit strategy from software to stimulate the economy, and we'll see if it would implement them in 2011 - said the Minister of Finance of Luxembourg Jean-Claude Juncker. - We will watch to be seen whether the situation was better to time.

euro exchange rate to the U.S. dollar sank during trading on Thursday to $ 1.4543 from $ 1.4640 at the market close on Wednesday.

According to the forecast of the European Commission, the eurozone's GDP may grow in the third quarter of 2009 to 0,2% and 0,1% in the fourth. In April-June fell by 0,1%.