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.

Related posts:

  1. The Bullish Case for the U.S. Dollar
  2. IMF Worried About a Disorderly Dollar Decline
  3. Touching Alltime Euro/Dollar Lows
  4. Dollar, Dollar, Toil and Trouble
  5. Goldman Sachs Warns Oil to $95 by EoY

Comments

  1. Zoli Erdos says:

    Paul, he is President, not PM :-)