In These New Times

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Posts Tagged ‘Sarkozy’

Sarkozy says the world can’t rely on just the Dollar

Posted by smeddum on August 28, 2009

08/27/2009 –

Forexhound

from Finotec

Sarkozy says the world can’t rely on just the Dollar and currencies
The political and economic reality of a multi-polar world will eventually have to be transmitted on the monetary level

French President Nicolas Sarkozy said currencies should be re-aligned to reflect changes in the world, suggesting that the dollar alone cannot remain dominant. “The political and economic reality of a multi-polar world will eventually have to be transmitted on the monetary level,” Sarkozy said today in a speech in Paris. “A multi-polar world can’t count on only one currency.” Though he did not mention the currency by name, Sarkozy’s remarks are among the first by a major Western leader to cast doubt on the role of the dollar. The world must change to limit “excessive and profoundly destabilizing exchange rate fluctuations,” Sarkozy said in a speech today in Paris. “France won’t accept that the euro alone takes the weight of the adjustment, as it has in the past.” The EUR/USD is currently trading at $1.4240 as of 9:00am, London Time. Read the rest of this entry »

Posted in Multipolar world | Tagged: , , | 2 Comments »

EU in push for world finance summit: Sarkozy

Posted by smeddum on October 12, 2008

EU in push for world finance summit: Sarkozy
12 October 2008, 22:32 CET EUbusinessNews
(PARIS) – The European Union will ask the United States to jointly organise an international summit to reform the global finance system, French President Nicolas Sarkozy said Sunday after talks with EU leaders. Read the rest of this entry »

Posted in Financial crisis | Tagged: , , | Leave a Comment »

 
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