Quote:
Originally posted by Rolo@Dec 6 2004, 08:05 AM
Quote:
PARIS (AFX) - Finance Minister Herve Gaymard said the dollar's recent declines against the euro and other major currencies must not continue, and called for better management of foreign exchange rates by European, US and Asian authorities.
'This slide must not continue, and there needs to be a better management of these rates at the international level,' Gaymard said in an interview with LCI television this morning.
He added that he wants to meet with US Treasury Secretary John Snow as soon as possible.
Gaymard also said there will be a 'major debate' on foreign exchange tonight in Brussels at a meeting of the Eurogroup, which includes eurozone finance ministers and European Central Bank president Jean-Claude Trichet.
'But, it is evident that the solution is not only in Europe, but also in the attitude of the American monetary authorities and also in that of the Asian authorities,' he said.
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http://uk.biz.yahoo.com/041206/323/f7yv4.html
Will they be able to stick together, and put presure on Bush? Going to be interesting...
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Rolo,
last time shit like that happned,
the $ was 1 $ = 1.06 British Pound
;-)
efter 7 financial ministers met, the dollar started falling rapidly,
one aquitance of mine lost a gold jewlery factory, being short Swiss Franks against the dollar in those days
;-)))