What harm would europe suffer if the euro were decline

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Reference no: EM13240020

In an interview in October of 2002, the departing head of the European Central Bank said that a fall in the dollar was unavoidable, and that the euro should not be the only currency to support the dollar's decline. What does he mean by this? In particular, what signal is he trying to send to Japan? What harm would Europe suffer if the euro were the only currency to support the decline?

Reference no: EM13240020

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