Posted on 23/10/07
IMF gives warning of greenback's fall
WASHINGTON -- International Monetary Fund chief Rodrigo de Rato has done what the Group of Seven would not: Issue a dire warning about the economic fallout of the faltering greenback. A much weaker U.S. dollar, which briefly touched a new low against the euro yesterday, could inflict economic damage on other countries, including much of Europe, said the Spaniard, who is in his final week as IMF managing director.
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