[A-List] From Tehran's PressTV Sarkozy vs, $ Hegemony
michael.hudson at earthlink.net
Thu Nov 13 11:42:08 MST 2008
Dollar supremacy, 1945 story: Sarkozy
Thu, 13 Nov 2008 17:32:23 GMT
Sarkozy said dollar's dominance was over.
France's president says the rule of US dollar used to belong to the World
War II epilogue and that the currency is no longer in the ascendant.
"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," said President Nicolas
Sarkozy, AFP reported.
"What was true in 1945 can no longer be true today," a fact admission to
which, he claimed, was not a matter of 'courage' but 'good sense'.
Sarkozy made the remarks on the eve of his flight to Washington where he is
expected to attend the upcoming summit of the G20 (Group of 20 developing
nations) on Saturday.
During the event, the seven key member states, Britain, Canada, France,
Italy, Japan, Germany and the United States are expected to join others in
canvassing collaborative measures aimed at curbing the global economic
meltdown triggered by the US financial crisis.
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