Friday, January 8, 2010
Dethroning the US Dollar
This will be an updated collection of news articles featuring the call to drop the US dollar as the international / reserve currency.
Sarkozy warns of threat from weak US dollar
January 8, 2010 - 6:54AM
French President Nicolas Sarkozy urged an end to the US dollar's global dominance on Thursday, warning that its weakness poses an "unacceptable" threat to European competitiveness.
"The monetary disorder has become unacceptable," said Sarkozy, who later this month is due to address the world economic forum in Davos.
"The world is multipolar, the monetary system must become multi-monetary," he said in an apparent call for other currencies to be promoted over the greenback...............
Sarkozy warns of threat from weak US dollar
January 8, 2010 - 6:54AM
French President Nicolas Sarkozy urged an end to the US dollar's global dominance on Thursday, warning that its weakness poses an "unacceptable" threat to European competitiveness.
"The monetary disorder has become unacceptable," said Sarkozy, who later this month is due to address the world economic forum in Davos.
"The world is multipolar, the monetary system must become multi-monetary," he said in an apparent call for other currencies to be promoted over the greenback...............
Labels:
multi currency,
us dollar,
weak dollar
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