German, French leaders urge changes in euro rules
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German Chancellor Gerhard Schroeder and French President Jacques Chirac made joint appeal Tuesday for loosening the budget rules guiding euro-member countries.
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European Union finance ministers said yesterday that Europe and the US must both act to stem the euroâs rise against the US dollar.
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A top European Union official Monday urged 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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A senior French official says the euro needs to carry more weight internationally to rival the dollar.
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European Central Bank President Jean- Claude Trichet joined European finance ministers in appealing to the US to stem the decline of the dollar, warning that the currencyâs slide risks derailing global growth.
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French President Nicolas Sarkozy and German Chancellor Angela Merkel called here on Monday for more transparency on international finance markets.
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European Central Bank president Jean-Claude Trichet today repeated that the euro&#39;s rise against the dollar is unwelcome and said intervention in foreign exchange markets &quot;is a weapon&quot; that is available to central banks.
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The euro fell on Tuesday after more European officials called for Asian economies, particularly China, to take on a bigger share of the dollar's weakness and let their currencies rise.
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German and French leaders met with Poland's president in talks that lasted into the early hours Friday, seeking to win support for a European Union treaty aimed at replacing a proposal for a constitution that failed two years ago.
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German Finance Minister Eichel called for the euro&#39;s &quot;brutal&quot; rise versus the dollar to be put on the agenda of the summit of G20 countries in Berlin this weekend amid concerns the greenback&#39;s slide could hit EU growth.
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Germany and France are expected to adopt a tougher stand on the Turkish bid to join the EU when their leaders meet in SaarbrA A1 4cken on Tuesday .Comment
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The French government is calling for tighter risk-control measures and a broad review of bank rules in response to losses from the trading scandal at SociÃ©tÃ© GÃ©nÃ©rale.
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THE euro nations expressed concern overnight at sharp volatility in currency rates, and in a thinly veiled call to the US urged âall major countriesâ to put appropriate policies in place.
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Defenders of financial rigour in the European Union attacked German calls for a radical dilution of the eurozone's budget rules at a lively meeting of EU finance chiefs.
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German Chancellor Gerhard Schroeder on Saturday labeled the US dollar&#39;s weakness against the euro &quot;worrying,&quot; but increasingly worried European leaders appeared unlikely to get help from the United States and Asia at a meeting of industrial and developing
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After a meeting with German Chancellor Gerhard SchrÃ¶der, French President Jacques Chirac said Friday he supports a change to his country&#39;s constitution to allow for a referendum on Turkish EU membership.
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Angela Merkel and Jacques Chirac meet informally every two months The EU's Enlargement Commissioner, Olli Rehn, has urged Germany and France not to step up the pressure on Turkey over its membership bid.Comment