G-7 Ministers Talk Tough on Sliding Dollar

Strong words signal desire to keep dollar from the abyss
By Rob Quinn,  Newser Staff
Posted Apr 12, 2008 7:26 AM CDT
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)
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(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.