Europe's Loveless Lust for a Strong Dollar- by Mike Mish Shedlock
Seriously, European Central Bank President Jean-Claude Trichet can’t possibly be serious when he says Europe takes the strong US dollar policy seriously. “We all note with considerable attention the statements made by American authorities as regards their support in favor of a strong dollar,” Trichet told reporters in Luxembourg late yesterday after a meeting of European finance ministers. He also echoed the Group of Seven statement that “excessive volatility and disorganized developments in the exchange market was bad for economic development.”
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