Euro chief urges calm amid US troubles 4:55PM ET
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"Consumers in Europe have no reason to lose confidence, the economic situation in Europe seems to be uncoupled from the situation in the U.S."  Euro nations see no immediate need to react to the growing threat of a U.S. slowdown that sent stock markets plunging Monday, the head of the group of 15 euro finance ministers said after they met for talks. via BusinessWeek
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European Union finance ministers considered the ever-strengthening euro against the dollar Monday amid appeals for Washington to rein in its budget and current account deficits to stop the slide of the US currency.
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US Secretary of State Colin Powell urges Europeans to heal their rift with the US over Iraq ahead of a Nato meeting.
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Â· French president headed for showdown in Brussels  Â· He will demand greater political control over euro
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European Union officials kept up pressure Tuesday on the United States to curb its deficits to help bolster the sagging dollar amid fears a strengthening euro would stifle Europe's fledgling economic recovery.
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Financial market turbulence in the wake of the US home loan crisis constitutes a healthy correction, European Central Bank governing council member Yves Mersch said Tuesday in an interview.
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PARIS Hopes for a quick resolution to the crisis in the European Union receded Thursday as the incoming commission president, JosÃ© Manuel Barroso, acknowledged that he would have to make several changes to his team before seeking the blessing of
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ROME, Oct 29  - French President Jacques Chirac urged the head of the incoming European Commission Friday to take &quot;the appropriate decisions&quot; to resolve a row over his EU executive team which has left the EU in limbo.
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The dollar slipped against the euro on  Thursday after European Central Bank President Jean-Claude  Trichet reiterated that recent moves in currency markets were  unwelcome, but did not use strong enough rhetoric to deter the  euro from strengthening, currency traders said.
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"But I'm saying: look at what's going on"  The dollar hit a new low against the seemingly unstoppable euro Friday as the 13-nation currency broke through $1.41. The euro's ascension renewed calls from French President Nicolas Sarkozy for the European Central Bank to follow the Federal Reserve and cut interest rates, which would help keep French exports competitive.Despite the worries of some exporters _ European aircraft maker Airbus said if the euro keeps rising it may have to seek new cost savings _ ECB President Jean-Claude Trichet and German Chancellor Angela Merkel stood firm that the ECB must remain independent. Read more
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European Union finance ministers pressed for action by the United States to prop up the dollar as eurozone nations expressed their deep disquiet at the parlous state of America's national finances.
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Â· PM steps up pressure ahead of EU/Africa summit Â· Portugal scrambles to salvage key meetings
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Greek Finance Minister George Alogoskoufis said Europe alone can&#39;t halt the euro&#39;s rise and the US and Japan would have to pitch in to buy dollars to end the decline of the American currency.
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European Central Bank President Jean- Claude Trichet joined European finance ministers in urging the US to halt the decline of the dollar, warning that the currency&#39;s slide risks derailing global growth.
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LONDON : Far from reversing the dollar&#39;s slide, comments from US Treasury Secretary John Snow have been taken by markets as a sign that Washington welcomes a weaker currency, to the alarm of eurozone officials as the euro hit new highs.
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LONDON, Oct 22  - The euro held its ground against the dollar here Friday as the US currency was hampered by comments from Federal Reserve officials that suggested US interest rates might stay where they are for a while.
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Euro zone finance ministers on Tuesday stepped up pressure on the United States to show its strong dollar policy was more than just rhetoric, asking