Euro Has Germany, France Clashing Over ECB Policies - by Niels C. Sorell and Gabrielle Parussin
The soaring euro is opening new rifts between Germany and France as the leaders of Europe's two largest economies prepare for an important summit next week.
As the euro has hit ever higher levels against the dollar, the yen and other major currencies in recent weeks, French President Nicolas Sarkozy has called for more input from political leaders into how the European Central Bank sets monetary policy for the 13 nations that use the currency. Mr. Sarkozy has cited the toll the strong euro has taken on French exports -- particularly plane maker Airbus.
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