The US dollar can no longer claim to be the sole world currency, French President Nicolas Sarkozy said on Thursday before a weekend summit on the global financial crisis that has its roots in the United States.
“I leave for Washington tomorrow to explain that the dollar, which at the end of World War II was the only world currency, can no longer claim to be the sole world currency,” Sarkozy said.
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Wow. I’d love to read this, but the link doesn’t work. I suspected something big was brewing for the November 16 summit. And I find it most peculiar that Obama will not be attending.
You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.
