Sarkozy: Save The Dollar

Posted By: Dr. Frugal in Currency on 11/08/2007 at 07:40:11

Sarkozy's complaints that the U.S. currency's drop against the euro is undermining European competitiveness struck a discordant note in a summit intended to demonstrate an improving U.S.-French relationship. His comments came as the euro surged to a record high against the dollar. The currency touched $1.4731 today, a 65 percent gain since the end of 2001.

Concern that the euro is too strong has been a Sarkozy theme since his presidential campaign earlier this year. Since his May 6 election, he has urged European Central Bank officials to lower interest rates to weaken the currency.

As reported by Bloomberg. Say what you will about the French, but I think it's nice that they're taking up our cause. Granted, it's in their own best interest as the power of the Euro is starting to hurt them.

Comments

No comments yet. Go ahead, be the first.

Leave A Comment:

*Name: URL:

*Message:


*Enter letters to help stop spam: waree

Sections

Frugality (70)
(1)
Budget (32)
Credit (30)
Currency (22)
Economics (86)
Loans (42)
Politics (18)
Saving (30)
Taxes (42)

Related:

Lower and Lower
Gisele Bundchen vs. US Dollar
Everything but the Dollar
Value of the Canadian Dollar
A New Low

Most Popular

Debix vs. Lifelock
Is Lifelock a scam?
Review: TurboTax
Need a Coupon for Essentials?
Free Turbo Tax 2016

Most Recent


Need a Coupon for Essentials?
Tips for Saving Money on Fuel
How to Choose the Best Bank
Saving for College
Verizon Promo Codes
Biggest Bankruptcy Ever

Feeds


RSS/XML Feed