Thursday, November 08, 2007

FT.com / World - Sarkozy calls for strong dollar policy

FT.com / World - Sarkozy calls for strong dollar policy: "The yuan is already a problem for everybody. The dollar should not remain simply a problem for others. If we are not careful, monetary disorder risks descending into economic war, of which we would all be victims.” Pro-Americans should also be the first to criticise “the vagaries and excesses of a financial capitalism that currently leaves too much room for financial speculation”, Mr Sarkozy said. The US should become “strongly engaged in the introduction of necessary [financial market] rules and safeguards,” he added."
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