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November 7, 2007

French PM Sarkozy Warns of Dollar-Driven "Economic War"

Oh, this won't help. In a speech today to a joint session of the U.S. Congress, French Prime Minister Nikolas Sarkozy warned that letting the U.S. dollar fall further could trigger an "economic war".

Translation: He is worried about Airbus, me-thinks, which loses about 1-billion euros for every 10-cent increase against the dollar.

More here.

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