Pressure on ECB mounts as France joins periphery stance in currency wars

French President Francois Hollande delivered an impassioned speech before the European Parliament in Strasbourg today decrying the strength and volatility of the euro exchange rate. This was the best indication that Hollande is feeling political heat because of France's poor economic performance. The result is he has joined the periphery to urge the ECB and Germany to adopt monetary and fiscal stances that promote growth.
Hollande explicitly warned that the euro's strength would harm fragile ec...


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