Eurozone ministers accuse US as dollar sinks to new lows

[DoYouEverWonder]

December 06, 2004


European Union finance ministers pressed for action by the United States to prop up the dollar as eurozone nations expressed their deep disquiet at the parlous state of America's national finances.

With concern mounting about the impact on Europe's ailing economy, French Finance Minister Herve Gaymard called for intervention on the currency markets not just from Europe but also from "the American and Asian authorities".

"This (dollar) slide must not continue, and there needs to be a better management of these rates at the international level," he told French television channel LCI before heading to Brussels for a euro group meeting.

Several European ministers called on the United States to rectify its yawning trade and budget deficits, which are most to blame for the dollar's slide.

<snip>

"It's unacceptable that Europe should pay the bill for major imbalances in the world economy, especially in the current account deficit and the budget deficit in the US," he told reporters.

http://www.democraticunderground.com/discuss/duboard.php?az=post&forum=102


Sounds like the natives are getting restless, W?

[benddem]

1. buy gold n/t

[DoYouEverWonder]

2. Real gold

not gold certificates.

[Monkie]

5. good call,but you cant eat real gold either,arable land..

should be on your wish list for christmas ;)

[DoYouEverWonder]

6. True

Mine is on a lake, so worse comes to worse I hear gator tastes pretty good.

[acmavm]

3. On my salary? Get real.

.

[Lone_Star_Dem]

4. Do you have a link to the article?

I would like to read more. :)

[maddezmom]

7. here's link

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=1049148&mesg_id=1049148

[DoYouEverWonder]

8. Oops, posted wrong link

Here's the right one:

http://economy.news.designerz.com/eurozone-calls-for-us-action-as-euro-soars.html

[Lone_Star_Dem]

9. Hey, it happens. Thanks for the link.

:)

[Moderator]

10. Duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=1049148