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G-7 Ministers Talk Tough on Sliding Dollar

Posted Apr 12, 08 7:26 AM CDT in Business,  Politics 

(Newser) – The Group of Seven's finance ministers are getting more aggressive about stopping the greenback's decline, the Wall Street Journal reports. In what counts as blunt words for the group, a statement yesterday expressed concern about the plummeting dollar's "possible implications for economic and financial stability." The change in tone since the group's last meeting a year ago is aimed at sending a signal to traders; the ministers stopped short of using G-7 money to buy up dollars to push the currency upward.

Source Wall Street Journal

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G7 Finance Ministers take part in the Ministerial meeting, Friday, April 11, 2008, at the Treasury Department's Cash Room in Washington.   (AP Photo/Gerald Herbert)
The G7 finance ministers and central bank governors walks down the steps of the Treasury Department in Washington for a group photo Friday, April 11, 2008. L-R   (AP Photo)
The G7 central bank governors pose for a group photo at the Treasury Department in Washington, Friday, April 11, 2008.   (AP Photo/Gerald Herbert)
The relative strength of the euro versus the dollar is hurting European economies.   (AP Photo)
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US dollar • finance • euro • weak dollar • currency • currency exchange • Group of Seven


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