France Fires Latest Salvo in Euro Debate as Currency Wars Threaten Global Economy!

• France fires latest salvo in euro debate as currency wars threaten global  economy! 
  by Hugo Duncan, http://www.thisismoney.co.uk/ 12 Feb 2013
  France last night demanded a debate about the  strength of the euro as global currency wars threatened to spiral out of  control. French finance minister Pierre Moscovici said  exchange rates ‘should not be subject to moods or speculation’ amid fears the  single currency’s recent surge is damaging exports and the  economy.
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  His comments at a meeting of eurozone finance  ministers in Brussels echoed those of French president Francois Hollande who  last week tried to blame the deepening economic crisis in his country on the  strong euro rather than his own failing policies.
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  The panic in France was dismissed by  other  European countries including Germany but marked a new front in the currency wars  threatening the global economy.
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  It is feared that countries could  embark on  tit-for-tat action to weaken exchange rates to keep their  exports cheap in a  damaging race to the bottom. Officials are worried skirmishes in  the  currency markets could lead to a disastrous new wave of  protectionist trade  policies like those that exacerbated the Great  Depression.
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