Friday, July 20, 2007

Sarkozy wants to bring the Euro down in strength

Sarkozy, much to the dismay of many European politicians, is putting pressure on the European Central Bank to bring down the value of the Euro. The Euro is incredibly strong at the moment in relation to the dollar and Asian currencies. It is around $1.38 at present, and is the highest it has been in years.

Sarkozy, newly elected and filled with Gallic vigor, blames the high Euro on French export woes. Many economists discount this criticism. They point at the German economy which is the number one exporter in the world. Its' export machine has not been hindered in spite of the Euro's strength. German business people, however, have also lately been expressing worries about the Euro's