Reply #45: Greenspan to French finmin: US lost deficit control [View All]

[54anickel]

Made it to Reuters and Yahoo now....pretty much the same story as posted. Forex still has it's head in the sand.


http://news.yahoo.com/s/nm/20050925/bs_nm/group_france_greenspan_dc;_ylt=AnYEy2HMG4eDahR.vEx9N23v5rEF;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl

snip>

Breton said: "The situation that is creating tension today on the currency market ... is clearly the American deficit."

The United States needed to address its budget deficit, he said, adding: "It seems to me that my counterpart John Snow is completely aware of this, he wants to harness the problem, but it seems to me he doesn't have the room for maneuver."

Breton added that after hearing Greenspan talk about inflation: "One has the feeling -- though he didn't say so -- that interest rates will probably continue to rise slightly until his departure."