Series Title | European Voice |
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Series Details | 03/09/98, Volume 4, Number 31 |
Publication Date | 03/09/1998 |
Content Type | News |
Date: 03/09/1998 Germany's next finance minister if the SPD wins the election later this month, has called for trading bands for the euro and other leading world currencies. While the proposal is likely to be greeted with scepticism by world finance ministers, it has the support of French Prime Minister Lionel Jospin. The idea shares similarities with former US Federal Reserve board chairman Paul Volcker's call for the re-establishment of global exchange rate parameters along the lines of the postwar Bretton Woods system. |
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Subject Categories | Economic and Financial Affairs |